India’s cotton imports may rise 80% this year; China to sell 800,000 tonnes of cotton from state reserves

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India’s cotton imports are likely to rise by 80 per cent this crop year (October 2018 to September 2019) to 2.7 million bales (one bale equals 170 kg) as compared to 1.5 million the previous year, according to latest data compiled by apex industry body, Cotton Association of India (CAI). “The major reason is unavailability […]

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India’s trade deficit narrows to $10.89 billion in March 2019

India’s exports rose to a five-month high of 11 per cent in March on account of higher growth mainly in pharma, chemicals and engineering sectors, marking the outbound shipments at $331 billion for FY 2018-19, official data showed. Merchandise exports in March 2019 stood at $32.55 billion as against $29.32 billion in the same month […]

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Venezuela oil output declines to 870,000 bpd in March: IEA

U.S. sanctions, political troubles and repeated power blackouts pushed Venezuela’s crude production to a long-term low of 870,000 barrels per day (bpd) in March, the International Energy Agency (IEA) said in its latest report, even lower than OPEC reported the day before. “The blackouts are an additional challenge for Venezuela’s oil sector, already set back […]

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India’s domestic aluminium MSME firms suffer decrease in margins on rising imports

With imports of finished aluminium products having risen over 50 per cent year-to-date, the micro, small and medium enterprises (MSME) segment is witnessing sharp margin contraction and slim hope for change in situation for the next six months. “Margins of MSME players have dropped to 2-3 per cent, from 8-10 per cent, as the surge in finished […]

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