Exports of marine products during FY 21 decreased by nearly 11% to $ 5.96 billion

India’s exports of marine products fell by 10.88 per cent to $ 5.96 billion (Rs 43,717.26 crore) during 2020-21 due to the pandemic and sluggish overseas markets, the commerce ministry said. “The COVID-19 pandemic and sluggish overseas markets cast their shadow over India’s resurgent seafood sector as the country exported 11,49,341 tonnes of marine products worth $ 5.96 billion,” it said. The ministry said that the US, China […]

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Outlook for natural gas and coal: World Bank Data Blog

Natural gas and coal prices have risen since the start of 2021, albeit with significant fluctuations in the first quarter. Prices have gone up by rebounding global economic activity, bouts of very cold weather in northeast Asia and the U.S., and several supply disruptions. Prices are expected to average around one-third higher in 2021 than […]

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Basmati rice export a concern as some west Asian countries tighten pesticide norms amid rising Covid-19 infections

Even as buyers in Peru, Argentina, and other South American and Eastern African countries are queuing up for the taste of the highly flavoured Indian basmati rice, its exports to West Asian nations are likely to take a hit owing to the recent move by some to tighten pesticide residue norms without prior intimation. Naturally, […]

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Trade talks with EU may provide GI tag on India’s basmati rice; to boost exports

During trade negotiations last week, India and the EU have agreed to enhance the bilateral trade and investment relationship through the resumption of negotiations for a balanced, ambitious, comprehensive and mutually beneficial trade agreement, eight years after its suspension. The two sides have also agreed to launch negotiations for two key pacts on investment protection […]

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After a gap of eight years, India and European Union (EU) to resume FTA negotiations

India and European Union (EU) agreed to enhance the bilateral trade and investment relationship through the resumption of negotiations for a balanced, ambitious, comprehensive and mutually beneficial trade agreement, eight years after its suspension, the external affairs ministry said. The two sides also agreed to launch negotiations for two key pacts on investment protection and […]

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Global coal demand fell by 4% in 2020: IEA

Global coal demand declined 4% in 2020, the biggest drop since World War II. The main driver of the decline was lower electricity demand due to Covid-19 restrictions and the resulting economic downturn, the International Energy Agency’s (IEA) annual Global Energy Review said.  Overall, declines in the power sector accounted for over 40% of lower […]

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Global wheat production in 2021 to hit a record 780 million tonnes: FAO forecast

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Global wheat production in 2021 is likely to increase and hit a new record of 780 million tonnes, according to FAO’s preliminary forecast, as expectations of a rebound in production in the European Union more than offset weather-impacted production prospects for output in the Russian Federation.  Maize production in South Africa is expected to reach […]

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