Indonesia is expected to soon open the doors for Indian sugar, according to traders. Although sugar export has picked up this season, it is still not enough to meet the target set up by the government of India. This has prompted the government to issue new guidelines directing the reallocation of export quotas from mills that haven’t […]
With Chinese markets remaining closed amid the coronavirus outbreak, commodity exports of cumins, sesame seeds and groundnut oil, could take a 10-15 per cent hit over the next two months or so. According to traders and exporters, China accounts for 20 per cent to 30 per cent of India’s export of some key commodities. Each of these could fall […]
The outbreak of coronavirus may hamper exports of groundnut seeds and cotton from Gujarat to China and some of the traders who have already exported these commodities are eagerly awaiting for payments as markets in the neighbouring country are closed. Since mid January till February 8, Chinese markets are almost closed due to Chinese Lunar […]
Export of KP Onion or rose onion variety from Andhra Pradesh will be permitted in a day or two, Commerce and Industry Minister Piyush Goyal said in the Rajya Sabha. Rose onions are locally called KP Onion in Andhra Pradesh. Earlier, during the morning session of the House, V Vijayasai Reddy of YSRCP had raised […]
Indian rose growers are hoping to match the export figure for last two years riding on the demand for the flower around the Valentine’s Day season. India has exported flowers worth Rs 57 crore each for the last couple of years. A survey conducted by the Indian Society of Floriculture Professionals (ISFP), the country’s s […]
Kotak Commodity Services, one of India’s top cotton exporters, will stop selling new cargoes to China on concern the spread of coronavirus may force the top buyer of the fiber to close ports and banks, reports Financial Express. The Mumbai-based company will look for new buyers of cotton in countries such as Bangladesh, Indonesia, Taiwan […]
The government is considering lifting ban on exports of onion as fresh arrival of the commodity has started softening its prices in the domestic market, reports Press Trusst of India. “Arrival of fresh onion will further soften the prices here so there is a need to lift the export ban,” an agriculture ministry official said […]
India’s oilmeals export fell sharply by 79.20 per cent to 67,562 tonnes in December 2019, due to price disparity in soybean meal, industry body SEA said. The country had shipped 3,24,927 tonnes of oilmeals during December 2018. Oilmeals are used as animal feed in poultry and other sectors. Overall shipment of oilmeals during April-December period […]
India has exported 3.2 million bales of cotton during the first quarter of the cotton year that began on October 1, said trade body Cotton Association of India (CAI), which expects the total exports till Septmber 2020 to hit 4.2 million bales of 170 kg each. “Cotton export shipments from 1st October 2019 to 31st […]
The death of Iran’s most powerful military commander could send jitters to India’s multi-billion dollar basmati rice export industry, reports Financial Express. With dues soaring over Rs 800-900 crore, industry insiders have said that the news of the assassination of Qassem Soleimani could make matters worse for an industry which sent one-third of its total shipments […]
