National Bureau of Economic Research

FAO says market down by $10-72 a tonne, Thai cuts rates by 10%

Exporters say they incur $70/tonne additional costs; Customs officials playing safe to verify if shipments are white or parboiled rice

Shipments hit on lower rapeseed meal, castormeal consignments leaving the country

Tells Kandla traffic manager to allow another ship to set sail after getting release order from Gujarat HC

High-level inter-ministerial meeting clears scrapping $490/t MEP on white rice, 10% export duty on parboiled rice

Though exports are banned, shipments of 64,000 tonnes were allowed under special bilateral pact

The new norms, which will help in quick processing and inspection of consignments, are to be effective from December 1

As per APEDA, the fall in non-basmati rice exports pulled down the overall cereal shipments by 8.35 per cent to $5.22 billion during April-September period from corresponding last year’s $5.69 billion

Washington’s hefty levy may jeopardise exports; Ecuador in comparison will face 3.75% duty, Indonesia and Vietnam 2.84%

Arrival of new crop in Pakistan, Myanmar add to the pressure on the market

In a letter to various Central ministers, SEA said that this decision could have far-reaching negative consequences for multiple sectors

The drop in shrimp production in the South American country would help Indian products to make further inroads to the US market

Every business licensee registered with Tea Board must submit monthly export returns through the online portal

Two more arrest orders are pending against the vessel

Claims of non-MSME exporters not to be entertained beyond June 30, 2024, says DGFT

This extension aims to promote the country’s outbound shipments and provide exporters with interest benefits.

The book analyses why India failed where China succeeded

The customs duty cut on gold, silver and platinum will certainly bring down production costs in this thin-margin industry, helping Indian exports gain competitive edge in the global market

The increasing Carnatic music festivals abroad show the growing interest of the NRIs, and a huge financial market for the art form

India has become the second biggest buyer of Russian crude oil since the invasion, with purchases rising from less than 1% of the total oil imported in the pre-Ukraine war period to almost 40% of the country's total oil purchases

Natco Pharma said that the company has shown continued strong growth during the second quarter driven by exports formulation business and stable domestic pharma business

Exports to be permitted with immediate effect subject to a minimum export price of $490 per tonne; duty on parboiled rice cut from 20% to 10%; revival of trade to eastern and south east Asian markets expected

Bigger rice shipments from India would beef up overall global supplies and soften international prices

DGFT has removed the $490 a tonne minimum export price on non-basmati white rice with immediate effect

Indian steel exports rose to 0.44 million tonnes in October, while imports moderated for the first time this year to 0.98 million tonnes as India tightened import norms

oOur projects are moving at the right pace, says TV Narendran

The agreement, sed during the 5th India-Russia Inter-Governmental Commission meeting in Goa, aims to diversify India’s air defence capabilities

India-made iPhone exports are set to reach $2.5 billion in the 12 months through March 2023, as against $1.3 billion worth exported in the year through March 2022

Maruti Suzuki India is targeting markets like UAE, Saudi Arabia, Chile, Mexico and other Latin American countries with its upcoming new version of compact sedan Dzire to accelerate exports as it eyes over 3 lakh units of overseas shipments this fiscal, a senior company official said on Wednesday. In the domestic market, the company hopes to enhance its share in the sedan market amid the passenger vehicles market shifting towards SUVs (Sports Utility Vehicles), with the new Dzire which is slated for launch next week. "We have been growing (exports) at a rate of about 11.9 per cent in the first seven months of the financial year and we hope to continue on that momentum.

India's export of fuels like diesel to the European Union jumped 58 per cent in the first three quarters of 2024, with a bulk of them likely coming from refining discounted Russian oil, according to a monthly tracker report. The EU/G7 countries in December 2022 introduced a price cap and an embargo on the imports of Russian crude oil in a bid to cripple Kremlin's revenue and create a vacuum in its funding for the invasion of Ukraine.

After experiencing an 11 per cent contraction in exports in 2023-24 (FY24) due to a dip in exports for 10 consecutive months from April to January, the Tiruppur textile industry is back on track in 2024-25 (FY25). The cluster, which contributes 55 per cent of the country's total knitwear exports, posted a 13 per cent increase in the first five months of this financial year (FY25), with August seeing a 22 per cent rise - the highest in over two years.

Small cardamom exports to Saudi Arabia are likely to increase during the current Ramadan season with the Saudi authorities agreeing to accept the globally accepted Codex Food Standards of the United Nations.

Going forward, price trends would be a function of demand. Both domestic and exports demand will be key determining factors affecting price trends.

On a similar note, India is trying hard to develop indigenous capacity (Make in India) for machineries and equipment required for, say, new steel capacity augmentation. Otherwise, the large scale of imports of capital goods in the form of machines and equipment for steel plants would have to continue by spending huge foreign exchange and make India import dependent.

To benefit the farmers with better price for raw cotton, the Centre shall also bring the cotton yarn under MEIS coverage, said the Confederation of Indian Textile Industry.

Caracas, which buys medicines and other products from India, is looking for alternative payment methods after the United States imposed stringent sanctions on Venezuela’s state oil firm PDVSA in a bid to push out President Nicolas Maduro.

The board had been holding regular workshops with both farmers and buyers to encourage exports, he said, adding that the board had taken huge efforts to ensure that more mango growers register their orchards with MangoNet.

India produces 6-7 million tonne raw cashew per annum, and was till recently the leading supplier of kernels to the global markets.

With India exporting roughly one-third of its cotton yarn production every year, trends in export demand play a crucial role in determining the overall performance of the domestic spinning sector. 

Total imports of shrimp by US for the first six months of 2019 remained flat at 300,683 tonne compared to 302,495 tonne imported during the same period of 2018. Overall, US imported 695,332 tonne of shrimps last year.