India to facilitate onion imports for quick supply as domestic prices rise

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The Department of Consumer Affairs (DoCA) through an inter-ministerial committee has again reviewed the prices and availability of onions. During the meeting it was informed by officials that supply disruptions are mainly due to rain and two cyclones and it is expected to improve in the coming days. With supplies running short and onion prices […]

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Politics and business: Edible oil importers from India advised to refrain from palm oil import from Malaysia

The edible oil industry has been advised to refrain from import of crude and refined palm oil from Malaysia amid strained relations between the two countries after latter’s stand on abrogation of Article 370 in Jammu & Kashmir. In an advisory to its nearly 1000 members, almost all leading players in the edible oil industry, […]

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Indian pulses millers ask the government to extend deadline for import of pulses till year-end

Dal (pulses) millers in the country have asked the government to extend the deadline till year-end for the import of pulses. The Centre has urged the millers to import pulses by October 31. Indore-based All India Dal Millers Association (AIDMA) has estimated that the crop in Burma has been good, but the crop in African […]

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Government of India stops import incentives for exporters of gold medallions and coins

The government has withdrawn incentives being given to exporters of gold medallions and coins for import of raw material, according to a notice by the commerce ministry. “Advance Authorisation shall not be issued where items of export are gold medallions and coins or any jewellery/articles manufactured by fully mechanised process,” the Directorate General of Foreign […]

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India’s crude oil imports rise 5.5% in August; LNG imports rise 9.1% in July this year

India’s crude oil imports rose 5.5 per cent from a year earlier to 19.66 million tonnes, and increased by about 1.7 per cent from July’s 19.34 million tonnes. It was the most imported since April, latest data from the oil ministry’s Petroleum Planning and Analysis Cell (PPAC) showed. Imports of oil products jumped by about […]

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India’s oilmeal exports drop 73% in August 2019; Malaysia end-Aug palm oil stocks fall to 2.25 million tonnes

India’s exports of oilmeals fell by 73 per cent in August 2019 at 98,871 tonnes on account of higher domestic prices of soyabean meal, according to data compiled by the Solvent Extractors’ Association of India (SEA). Export of oilmeals during August 2018 stood at 359,752 tonnes. The overall export of oilmeals during April-August 2019 declined […]

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