Nearly a third of India’s rice exports for this month are stuck due to a shortage of freight trains

Nearly a third of India’s rice exports for January 2022 are stuck due to a shortage of freight trains. Most traders have stopped signing February export contracts to avoid demurrage charges, industry officials told Reuters. The slowdown in exports from India, the world’s biggest rice exporter, has allowed rival suppliers such as Thailand, Myanmar and […]

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India is readying massive power grid for major renewable energy expansion

India is setting up “green energy corridors” to cover the length and breadth of the country in two phases. “The Green Energy Corridor Project aims at synchronizing electricity produced from renewable sources, such as solar and wind, with conventional power stations in the grid,” India’s Ministry of New and Renewable Energy says on its website. One phase […]

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India’s edible oils import bill jumps by 75% to Rs 1,04,354 crore during Apr-Dec 2021: SOPA

The country’s edible oils import bill surged 75 per cent to Rs 1,04,354 crore during the first nine months (April-December 2021) of the current fiscal from Rs 59,543 crore in the year-ago period, a processors association said. According to Soybean Processors Association of India (SOPA) Chairman Davish Jain, during the first nine months (April-December 2020) […]

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India’s Food Ministry fear loss of tomato, onion and potato crops due to erratic weather

Erratic weather conditions like rains and hailstorms witnessed recently are likely to hit the yield of key vegetables such as potato, onion and tomato, thus pushing up their prices in the coming weeks, a market intelligence report prepared by the ministry of food processing industries (MFPI) has stated. Currently, mandis’ prices of the key vegetables […]

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India refrains from imposing anti-dumping duty on certain steel products from China and other countries

India’s government has decided not to impose anti-dumping duty on certain steel products being imported from countries like China, Japan, and Korea, as the finance ministry has not accepted the recommendations of the directorate general of trade remedies (DGTR). The commerce ministry’s investigation arm DGTR had conducted a probe against imports of ‘Cold Rolled/cold reduced […]

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