Commodity exports to China could fall by $33.1 billion in 2020: UNCTAD study

The global commodity exports to China could plunge by 46 per cent between $15.5 and 33.1 billion in 2020 due to the coronavirus crisis, according to research by the UN trade body. The UN Conference on Trade and Development (UNCTAD) said that the findings raise concerns for economies that rely on exports of primary goods, […]

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India’s exports fall 60% in April as COVID-19 lockdown hits hard

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India’s merchandise exports contracted by a whopping 60.28 percent, a record, to $10.36 billion in April, the government said, as economic activity came to a grinding due to a coronavirus-triggered lockdown. Imports too tumbled by 58.65 percent to $17.12 billion in April from $41.4 billion in the same month last year, narrowing the trade deficit […]

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India’s gold imports plunged 99.9% to three-decade low in April due to COVID-19 lockdown

India’s gold imports plunged 99.9 per cent year-on-year in April to their lowest in nearly three decades as air travel was banned and jewellery shops were closed amid a nationwide lockdown to curb the spread of coronavirus. The world’s second biggest consumer of the precious metal imported around 50 kilograms of gold in April, down from 110.18 […]

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Corona outbreak may boost India’s agri exports, says Agriculture Ministry analysis

Amid the crisis over the global market due to the Coronavirus outbreak, the centre has identified 21 agricultural products wherein India can grab part of China’s market share. As per reports, these include honey, potatoes, grapes, soya beans, and groundnuts, in which Indian exports could benefit from trade restrictions against Chinese goods across the global […]

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Oilmeal exports drop 74% in February 2020 on better price realisation

The export of oilmeals during February is provisionally reported at 76,017 tonnes compared to 294,510 tonnes in February last year— down by 74 per cent, according to the Solvent Extractors’ Association of India (SEA). The overall export of oilmeals during April 2019 to February 2020 is reported at 2,200,690 tonnes compared to 2,941,971 tonnes in […]

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