The government is keeping a close watch on exports of wheat flour which has witnessed a surge since the ban on wheat shipments was announced on May 13, Sudhanshu Pandey, secretary, ministry of food and public distribution said. “Exports of wheat flour are on the high side, if you compare with previous months,” Pandey said. […]
Sugar mills have urged the government to allow exports of 8 million tonnes (MT) of sugar under the open general licence (OGL) in the next season which commences from 1st October. This, according to the Indian Sugar Mills Association (ISMA), will help the sugar mills enter into future exports contracts well in advance prior to […]
India’s gems and jewellery exports during May 2022 witnessed a year-on-year growth of 20 per cent to Rs 25,365.35 crore ($ 3.28 billion), amid strong demand from key markets, including the US, the Gem and Jewellery Export Promotion Council (GJEPC) said. The overall gems and jewellery exports stood at Rs 21,156.10 crore ($ 2.89 billion) […]
Kharif cotton sowing for the season 2022-23 in Gujarat is likely to increase by at least 20 per cent, compared to the previous season as a mad rush for sowing the cash crop is being witnessed among farmers in the state. Cotton prices are ruling very high, both in the domestic as well as international […]
India’s steel exports will drop 35-40% on-year to 10-12 million tonne this fiscal following the 15% export duty imposed on several finished steel products last month, a CRISIL Research analysis shows. Steel exports, which had reached a record high of ~18.3 million tonne last fiscal, continues to see momentum because of the disruption caused by […]
The government of India has held discussions with a number of countries, including Japan and Germany, for future exports of hydrogen from India, said union power minister R K Singh. Singh, who is also the minister for new and renewable energy, informed that India is aiming to produce 20 million tonnes (MT) of green hydrogen […]
The Tea Board of India, under the commerce ministry, has issued a directive to all producers and sellers of tea to strictly comply with quality norms of food safety regulator FSSAI before selling the product. The board has cautioned that no tea consignment that has failed on Food Safety and Standards Authority of India (FSSAI) […]
The Russia-Ukraine war and the stringent sanctions on Russia by the West have thrown up more opportunities for India’s businesses than earlier anticipated. Defence production and maintenance, shipbuilding and oil refining are three areas where Indian firms are already beneficiaries or have at least received enquiries from potential importers. India’s petroleum products exports, which surged […]
Amid reports of Turkey rejecting an Indian wheat consignment on quality concerns, Food Secretary Sudhanshu Pandey said the government has sought details from the Turkish authorities on the matter as the concerned exporter ITC Ltd has claimed that the shipment of 60,000 tonnes had all the required clearances. Meanwhile, after India banned wheat exports on May 13, […]
This year the production of mangoes has been hit by around 70 percent in the major mango growing belt of Uttar Pradesh due to adverse weather conditions, as per a PTI report. India is the largest producer of mango in the world and accounts for around 50 percent of the global mango output. It is […]
