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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India’s oilmeals export rises 6% in FY19: SEA

India’s oilmeal exports during April 2018 to March 2019 is reported at 3,205,768 tonnes, up 6% as compared to 3,026,628 tonnes during the corresponding period last year, according to latest data compiled by the Solvent Extractors’ Association of India (SEA). The export of oilmeals during March 2019, provisionally reported at 263,817 tonnes compared to 261,308 […]

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China sets antidumping measures on steel products from EU, Japan, South Korea, Indonesia; Indonesia also slaps duty on Indian steel

Indonesia and China slapped anti-dumping import duties on each other’s steel products in an escalation of a global tariff row involving one of the world’s most widely used metals. Indonesia extended anti-dumping import duties of up to 20 per cent for a number of flat-rolled iron and steel products from seven countries, including China, Russia […]

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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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Production cut by Vale SA to benefit Indian iron ore and steel producers in short term: Ind-Ra Ratings

The recent revocation of the mining licence of Vale SA for the Brucutu mine in Brazil will be favourable for domestic iron ore miners and steel producers in the short term, believes India Ratings and Research (Ind-Ra). With a limited supply of iron ore, the hardening prices of iron ore and steel in the international […]

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India’s steel ministry evaluating demand for minimum import price for HRC steel

Major steelmakers in India are advocating to the government the need for the imposition of a minimum import price (MIP) on hot-rolled coil at $615 per tonne “upon factoring cost escalation due to raw material price,” similar to the earlier imposition in 2016, minutes of a recent meeting of India’s Ministry of Steel (MoS) revealed. […]

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Indian sugar industry holds talk with South Korea

Delegation of Indian Sugar industry held talks with top representatives of all three sugar refineries in South Korea during seventh round of India-South Korea Comprehensive Economic Partnership Agreement (CEPA) to pursue the matter of exports of sweetener to the country. The negotiations were held in South Korea between December 11 and 13. South Korea imports […]

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