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 […]

Read more

Nashik traders, growers seek removal of onions’ stockholding limit

Onion growers and traders in Nashik district — the onion belt in Maharashtra — will soon approach the Centre with a plea to remove the stockholding limits in the wake of increasing arrivals in the markets. NAFED director Nanasaheb Patil told Financial Express a meeting is slated to be held with Nashik’s district collector along […]

Read more

India exported 3.7 million tonnes of sugar in 2018-19 mainly to clear surplus stock

sugar.jpg

India exported about 37 lakh tonne of sugar in the 2018-19 marketing year ended September to clear the surplus stock, the government told the Rajya Sabha last week. Union minister Danve Raosaheb Dadarao said sugar mills were advised to export sugar as per their MIEQ (Minimum Indicative Export Quota) allocation. “With a view to evacuate surplus sugar […]

Read more

Govt extends stock holding limit on onion traders indefinitely to check price rise

With onion prices continuing to rise above Rs 100 per kg, the government of India has extended prohibitions on traders from the stocking of edible bulb across the country for an indefinite period to check price rise. Separately, Food and Consumer Affairs Minister Ram Vilas Paswan did not say by when prices of onion will […]

Read more

Government of India denies any instance of HT Bt cotton cultivation in the Parliament

The government last week informed the Parliament that “no instances of illegal cultivation of genetically modified (GM) herbicide-tolerant (HT) cotton have come to notice.” “As per state government of Maharashtra, no instances of illegal cultivation of GM cotton (HT) have come to notice. However some cases of sale of illegal Bt cotton seeds (HT-Bt) have […]

Read more

Government of India allows export of bio-fuels from special economic zones, EoUs

The government of India has allowed export of bio-fuels from special economic zones (SEZs) and export-oriented units (EoUs) with certain conditions, according to a notice of the directorate general of foreign trade. In August 2018, the government had imposed restrictions on export of bio-fuels for non-fuel purposes. After this restriction, exporters operating from SEZs and […]

Read more