Due to the India-China dispute, the threat of deteriorating trade relations between the two countries has become real. Freight rates are expected to decline during third quarter of 2020 on routes from the Middle East/India to China. The India and China border dispute emerged after the military clash between the two countries on 15 June […]
Palm oil demand in India, the world’s top edible oil importer, is set to plunge this year as coronavirus lockdowns have slashed food service sector demand, while households are opting for alternatives at the supermarket. Traders say India’s palm oil imports could plunge 20 per cent from a year ago to 7.5 million tonnes in the 2019/20 marketing […]
The country’s edible oil import rose 8 per cent to an eight-month high of 1.16 million tonne (mt) in June, even as palm oil shipments declined sharply, said Solvent Extractors’ Association (SEA), a Mumbai-based trade body, on Tuesday. India, the world’s leading vegetable oil buyer, had imported 1.07 mt edible oil during the same month […]
Crude palm oil prices may rise to 2,300-2,400 ringgit ($528.37-$551.34) per tonnne in the coming months as Malaysia’s relationship with top importer India improves, industry regulator the Malaysian Palm Oil Board (MPOB) said this week. The newly appointed MPOB Chairman Ahmad Jazlan Yaakub said in a statement the rally will come as a relief to […]
With the prices of popular mango varieties of alphonso and kesar dwindling due to the coronavirus-induced lockdown, the growers of another famous variety, dussehri, have knocked at the doors of the Uttar Pradesh government for relief. In a letter to UP Chief Minister Yogi Adityanath, Mango Growers Association of India has demanded a slew of urgent measures to protect state mango farmers, […]
The government has allowed export of additional 745 tonnes of raw sugar under its tariff-rate quota (TRQ) to the US, which enables shipments to enjoy relatively low tariff. TRQ is a quota for a volume of exports that enter the US at relatively low tariffs. After the quota is reached, a higher tariff applies on […]
Around 3,600 tonness of onion has been shipped to Sri Lanka and West Asian countries as part of the first outbound consignment after the Union government lifted ban on the exports of the kitchen staple. The Centre had banned onion exports on September 29 last year and imposed countrywide stock limits to control soaring prices […]
The import of vegetable oils in February 2020 has dropped 10.5% to 11,12,478 tonnes compared to 12,42,533 tonnes a year ago, consisting of 10,89,661 tonnes of edible oils and 22,817 tonnes of non-edible oils. The overall import of vegetable oils during November 2019 to February 2020 stood at 45,63,791 tonnes compared to 48,62,849 tonnes, a […]
Malaysia has set itself a target of a month within which to resolve its trade dispute with India over palm oil, the southeast Asian nation’s new commodities minister said to Reuters last week. The deadline follows this week’s swearing-in of a new Malaysian cabinet after Prime Minister Muhyiddin Yassin took office last month. “One of […]
Indian rose growers are hoping to match the export figure for last two years riding on the demand for the flower around the Valentine’s Day season. India has exported flowers worth Rs 57 crore each for the last couple of years. A survey conducted by the Indian Society of Floriculture Professionals (ISFP), the country’s s […]
