WTO to rule on India Sugar export subsidies

The World Trade Organization (WTO) set up panels to rule on complaints by Australia, Brazil and Guatemala against India’s export subsidies for sugar and sugarcane producers which they assert are illegal, Reuters reported. Last month, India had blocked the first-time request from Australia, Brazil and Guatemala for establishing the panel. But the three complainants made […]

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Nickel’s fate hangs in balance as Indonesia considers early ban on exports

Indonesia is weighing whether to advance the timeline for a planned ban on exports of mineral ores, the country’s trade minister said a day after nickel prices surged on speculation the Southeast Asian nation will halt shipments, Reuters reports. President Joko Widodo is gathering input from the Ministry of Energy and Mineral Resources about the […]

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India fixes export quota of 10,000 tonnes of sugar to EU; cabinet retains sugarcane FRP at Rs 275 per quintal

The government has fixed an export quota of 10,000 tonne of white/raw sugar to the European Union (EU) under a provision for a 12-month period beginning October. The Director General of Foreign Trade (DGFT) has said it has allocated the “quantity of 10,000 tonne of sugar (raw and/or white) to be exported to the EU […]

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Jewellery exports in June 2019 decline by 16% YoY on slow demand from China and Gulf countries

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Gem and jewellery exports declined 16.26 per cent to $2,826 million during June 2019 from $3,375.17 million during the same month last year. Exports during the first quarter of FY20 declined by 10.38 per cent to $9.18 billion from $10.25 billion during the same period last year. Experts say that the trend seen in first quarter is […]

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India’s trade deficit narrows by 7.98% to $15.28 billion in June, exports falls by 9.71%

India’s merchandise exports contracted for the first time in nine months in June while imports shrank first time in four months. India’s trade deficit for June 2019 narrowed by 7.98 per cent to USD 15.28 billion as against the deficit of USD 16.60 billion in June 2018, government data showed. Data released by the commerce […]

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Global coffee prices rise 7.1% in June: ICO; India’s coffee exports decline 6% in June quarter

The International Coffee Organisation (ICO) in its coffee market report, said that the composite price of coffee averaged US $99.97 cents/lb (0.45kg) in June 2019, 7.1 per cent higher than in May 2019. According to the report, that was the first increase in the monthly average since January 2019, when prices rose by 0.9 per […]

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