Coronavirus outbreak to hit India’s cumin, sesame, groundnut oil exports

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 […]

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India’s largest cotton trader to stop sales to China as a precaution against Coronavirus

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 […]

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Basmati exporters concerned over their Iranian dues after death of Qassem Soleimani

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 […]

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