India’s palm oil import increases by over 56% in March 2021 mainly due to high sunflower oil prices

India’s import of palm oils rose 56.50 per cent to 5,26,463 tonnes in March this year as refiners were discouraged to import sunflower oil due to high prices, industry body Solvent Extractors Association (SEA) said. India, the world’s leading vegetable oil buyer, had imported 3,36,392 tonnes palm oils in March 2020. The country’s total vegetable […]

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Coal India’s additional supply reduced imports by 90 million tonnes in FY21

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State-owned Coal India Limited (CIL) said it provided additional coal supply in the country during 2020-21, which prompted customers to go for 90 million tonnes of domestic coal instead of importing it from abroad. The public sector undertaking said in a statement that it curbed coal imports to the tune of 90 million tonnes.  Sustaining its growth […]

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Pakistan seeks to resume cotton imports from India

According to media reports, Pakistan may soon allow cotton imports from India via land routes, as the prospects for gradual restoration of bilateral trade relations have improved following the current ceasefire agreement along the Line of Control.   According to Pakistan-based The Express Tribune, Adviser to the Prime Minister on Commerce Abdul Razak Dawood may make a decision on […]

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India’s oil import from north America in January 2021 hits a record

The United States and Canada accounted for 11 per cent of India’s crude oil imports in January—a record-high share of North American crude for the world’s third-largest oil importer, Reuters reported, citing data obtained from trade sources. India’s total crude oil imports last month averaged around 4.8 million barrels per day (bpd), down from a three-year […]

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