The gems and jewellery exports are expected to witness a sharp decline in March as well as in the first quarter of the next fiscal due to disruptions caused by the Coronavirus outbreak. An industry that is largely trade-oriented and attracts over over 5,000 exhibitors and 1,00,000 buyers at various trade fairs has witnessed a […]
Around 3,600 tonness of onion has been shipped to Sri Lanka and West Asian countries as part of the first outbound consignment after the Union government lifted ban on the exports of the kitchen staple. The Centre had banned onion exports on September 29 last year and imposed countrywide stock limits to control soaring prices […]
According to report published by Geojit Financial Services, arrivals of cotton in spot markets across India declined to 147,500 bales (1 bale = 170 kg) on Tuesday from 149,000 bales on Monday. In Gujarat, the Shankar-6 variety was sold at 37,500-38,500 rupees per candy (1 candy = 355.62 kg). In Maharashtra, the 29-30 mm variety […]
Malaysia has set itself a target of a month within which to resolve its trade dispute with India over palm oil, the southeast Asian nation’s new commodities minister said to Reuters last week. The deadline follows this week’s swearing-in of a new Malaysian cabinet after Prime Minister Muhyiddin Yassin took office last month. “One of […]
Amid the crisis over the global market due to the Coronavirus outbreak, the centre has identified 21 agricultural products wherein India can grab part of China’s market share. As per reports, these include honey, potatoes, grapes, soya beans, and groundnuts, in which Indian exports could benefit from trade restrictions against Chinese goods across the global […]
The onion growers in Nashik are seeking a compensation of Rs 5 per kg for the period from February 1 to March 15 for the delay in the government’s decision to revoke the ban on exports. A report in the Financial Express quotes Bharat Dighole, president, Maharashtra State Onion Growers’ Association, who pointed out that […]
The export of oilmeals during February is provisionally reported at 76,017 tonnes compared to 294,510 tonnes in February last year— down by 74 per cent, according to the Solvent Extractors’ Association of India (SEA). The overall export of oilmeals during April 2019 to February 2020 is reported at 2,200,690 tonnes compared to 2,941,971 tonnes in […]
The Cotton Association of India (CAI) has released its February estimates of the cotton crop for the season 2019-20 beginning October 1, 2019, at 354.50 lakh bales of 170 kg each, retaining its previous figures. The cotton supply estimated by the CAI during the months from October 2019 to February 2020 was 298.43 lakh bales […]
After two months of meteoric rise, groundnut import orders from China have come to a standstill due to the coronavirus outbreak there, reports Business Standard. Data compiled by the Agricultural & Processed Food Products Export Development Authority (APEDA) showed India’s groundnut exports jumped by a staggering 27 per cent to 454,373 tonnes for the period between April and December 2019 as […]
India’s diamond exports may decline by 20 per cent this financial year as global demand weakens because of travel and trade restrictions to prevent the spread of Coronavirus, says Business Standard. Data compiled by the Gems and Jewellery Export Promotion Council (GJEPC) showed cut and polished diamonds worth $16.32 billion were exported between April 2019 and […]
