International skimmed milk powder (SMP) prices hit a seven-month high, bringing cheers to dairy owners across India

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International skimmed milk powder (SMP) prices have hit a seven-month high, reports Indian Express. Last week, prices of SMP at Global Dairy Trade (GDT), the fortnightly auction platform of New Zealand’s Fonterra Cooperative, averaged $2,889 per tonne. This was a 8.5 per cent jump over the previous auction rate of $2,663 on September 1 and […]

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India says big no to RCEP as market access and tariff concerns not answered

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India has decided to not join the 16-nation Regional Comprehensive Economic Partnership (RCEP) trade deal on grounds that its key concerns over the agreement have not been addressed.  Prime Minister Narendra Modi said in Bangkok that the current form of the RCEP Agreement “does not fully reflect the basic spirit and the agreed guiding principles” […]

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Tax revenues in Asian and Pacific economies rebound: OECD Report

Tax-to-GDP ratios increased in the majority of Asian and Pacific economies covered by a new OECD report published recently. Nine of the economies in the publication increased their tax-to-GDP ratios between 2016 and 2017, compared with only three in the preceding year, according to Revenue Statistics in Asian and Pacific Economies 2019. This sixth edition […]

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RCEP deal may hurt India’s export competitiveness: Trade Promotion Council

The proposed Regional Comprehensive Economic Partnership (RCEP) agreement may hurt India’s export competitiveness as the trade balance is already skewed, Trade Promotion Council of India (TPCI) said. TPCI said that the proposed RCEP, which is a mega free trade agreement, could lead to flooding of goods in the Indian market from the member countries; and […]

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Mango exports may hit 50,000 tonne this season; South Korea, Malaysia among new markets

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With a good harvest expected this season, the country’s mango exports is expected to cross 50,000 tonnes. Last season, India exported some 40,000 tonnes. Mango exports to US have taken off in a big way with more than 1,000 tonnes expected to be exported this year, senior officials of the Maharashtra State Agriculture Marketing Board […]

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Daily Masala

Here’s what others are talking about: Oil edges up on decline in crude stocks, but high production caps gains Gold edges up on softer dollar, palladium at 16-year peak Asian tech stocks rally; yen gains on Fed minutes Zinc prices hit decade-high on shrinking Chinese stockpiles India seeks to diversify oil imports Malaysia’s Petronas eyeing […]

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