India’s oilmeal exports drop 73% in August 2019; Malaysia end-Aug palm oil stocks fall to 2.25 million tonnes

India’s exports of oilmeals fell by 73 per cent in August 2019 at 98,871 tonnes on account of higher domestic prices of soyabean meal, according to data compiled by the Solvent Extractors’ Association of India (SEA). Export of oilmeals during August 2018 stood at 359,752 tonnes. The overall export of oilmeals during April-August 2019 declined […]

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India’s crude steel production rises 1.7% to 9.2 million tonnes in July 2019: Worldsteel report

India’s crude steel output increased by 1.7 per cent to 9.215 million tonness in July 2019, according to World Steel Association’s report. The country had produced 9.059 million tonnes of crude steel during the same month a year ago, the global steel industry body said in its latest report. Coincidentally, global steel production for the […]

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US adds India along with China, EU to steel tariff dispute at WTO

The United States has complained at the World Trade Organization about Indian tariffs imposed in response to US steel and aluminium tariffs last year. The dispute follows similar complaints against China, the European Union and others who retaliated in the same way, saying the US tariffs were essentially “safeguard” measures that should be accompanied with […]

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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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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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