India’s seafood sector is likely to take a hit with US department of commerce (USDOC) hiking the anti-dumping duty on shrimp exports from India by more than 100%. USDOC issued the final results of the fifteenth administrative review of the anti-dumping duty order on frozen warm-water shrimp from India by fixing an anti-dumping duty rate […]
Saudi Arabia’s crude oil stockpiles rebounded in September after hitting their lowest on record in August, as the country boosted production while using much less for power generation and slightly reducing refinery runs, data from the Joint Organizations Data Initiative showed. Saudi Arabia exported 6.516 million barrels per day (b/d) of crude in September, its […]
Exports of agricultural and processed food products from India rose by 14.7 per cent to $ 11.65 billion during the April-October period on the back of healthy growth in commodities including rice, and fresh fruits and vegetables, the commerce ministry said. The export of rice has increased to USD 5.28 billion during the first seven […]
Sugar production in the country between October 1 and November 15 for the current sugar season has touched 20.90 lakh tonnes, as many sugar mills began crushing operations early. Last year, sugar mills had produced 16.82 lakh tonnes in the same period. Compared to 289 sugar factories, which were crushing sugarcane till November 15, 308 […]
The gem and jewellery exports witnessed a growth of 45.2 per cent during October at Rs 31,241.09 crore ($ 4,170.59 million) compared to the same month last year due to strong demand from key markets, led by the US, Gem and Jewellery Export Promotion Council (GJEPC) said. The overall exports during October 2020 stood at […]
The tea production in India has increased to 97.52 million kgs (Mkgs) during January- September 2021 period in contrast with 2020. Further, the projected production in the calendar year 2021 is expected to be around 1360 MKG in comparison with 1257 Mkg in 2020, according to the Tea Association of India (TAI). According to TAI, world […]
Sugar mills in India have exported 2.76 lakh tonnes of sugar in the last 40 days of the current marketing year with maximum shipments to the UAE, trade body AISTA said. Over 1.44 lakh tonnes of sugar is under loading, All India Sugar Trade Association (AISTA) said in a statement. Mills have contracted to export […]
India slipped to eighth position in 2020 in terms of its share of merchandise exports among developing economies, according to a World Trade Organization report. India’s ranking translates into a share of 3.6 per cent with respect to top 15 developing economies’ merchandise exporters, lower than its share of 3.9 per cent in 2018 as […]
The Secretary for Food and Public Distribution, Sudhanshu Pandey warned of challenges in sugar exports from India in the 2021-22 season even though 1.8 million tonnes had already been contracted at the start of the season itself. Addressing the All India Sugar Traders Association (AISTA) on global sugar, he said that last year India was […]
Ahead of the Diwali festive season, the price of nutmeg has escalated to Rs600 and Rs650 per kg. This is mostly because climate change and the two consecutive floods in Kerala have impacted nutmeg production over the last year. The state has also been witnessing unprecedented rains in the last two months which has further […]
