India’s soyameal exports increase by 51% during FY 2020-21

According to data compiled by the Solvent Extractors’ Association (SEA), Export of oilmeals increased 51% during 2020-21 with the value of export almost doubling during the period. Altogether oilmeals export was provisionally pegged at 36.80 lakh tonnes in April-March 2020-21 in comparison with 24.33 lakh tonnes during the same period last year, registering a growth of 51.21%.  The overall earnings increased from Rs […]

Read more

Govt determined to finalise RoDTEP guidelines, remission rates for exports soon: Piyush Goyal

The Department of Commerce and Department of Finance are under active consultation for early finalisation of the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme guidelines and remission rates for export items, Commerce Minister Piyush Goyal told Rajya Sabha. The Home Textile Exporters’ Welfare Association had urged Commerce Minister, Piyush Goyal and Finance […]

Read more

Low sugar production in Brazil and Thailand indicate strong trend of sugar prices globally; to benefit Indian exports

Prices of sugar in the international market have picked up after estimates of declining production in Brazil, the world’s largest sugar supplier. Global sugar prices rose by 20 per cent in April 2021. This is likely to benefit sugar exports from India, sugar industry experts from India feel. Brazilian production is estimated to be almost […]

Read more

Exporters wary of losing orders with rampaging Corona second wave

hilal-kh-TvNA4xlGKtA-unsplash-scaled.jpg

Emboldened by the impressive annual export numbers in 2020-21 (released early April), the exporters fraternity till recently was exuding confidence of trade figures reaching a new trajectory in 2021-22. However, with the new wave of Corona creating a more devastating impact especially since the middle of April, the exporters are now wary of a sudden […]

Read more

China’s metal imports from Myanmar show mixed trends post the coup

Chinese trade data gave a mixed snapshot of neighbour Myanmar’s ability to keep up metal shipments in March amid unrest after February’s coup, with flows of nickel pig iron (NPI) dwindling to almost nothing but those of copper doubling month-on-month. With Chinese firms directly involved in Myanmar metals mining, imports of stainless steel raw material NPI […]

Read more

No cracking signs in exports flow despite emergence of Corona’s fresh wave, says FIEO President

john-simmons-U6zAZfaDuBY-unsplash-scaled.jpg

In the history of Indian exports the year 2020-21 was undoubtedly the most topsy turvy with the first wave of Corona massively destabilising the goods flow particularly in the first quarter. After a low pick later, there was, however, a case of smart recovery in the last two quarters which had triggered the expectation of […]

Read more

India’s gems, jewellery exports fell by nearly 26% in fiscal 2020-21: GJEPC

Photo01-scaled.jpg

The overall gems and jewellery exports declined by 25.71 per cent to Rs 1,85,952.34 crore during 2020-21 compared to the previous financial year on account of COVID-related disruptions, industry body GJEPC said. “2020-2021 was an exceptional year, yet the industry has shown resilience, adapted to the new normal and strived towards attaining recovery in exports […]

Read more

WTO members including the US question India on several subsidy schemes

World Trade Organization (WTO) members, especially the US, have questioned India on various subsidy schemes like RoDTEP, a key export tax refund scheme, Agriculture Infrastructure and Development Cess (AIDC), subsidy on crop loans, import duty on cotton and ban on onion exports.  Seeking “an update on the operational status and guidelines” of the Remission of […]

Read more

Jute mill owners in West Bengal face capacity crunch; stop taking export orders

Jute mills have stopped taking export orders owing to capacity constraints, reports Financial Express. Shortage of raw jute and escalating prices have put the mills in a severe crunch. The 90-odd jute mills across the country, of which 74 are in West Bengal, are already flooded with the Centre’s order of supplying jute sacks equivalent […]

Read more