India’s July crude oil imports from Russia dipped for the first time in nine months, while inbound shipments from Saudi Arabia tumbled to their lowest in 2-1/2 years following OPEC+ cuts, tanker data from trade and industry sources showed. Both China and India, the world’s biggest and third-biggest oil importers, cut imports from Russia and […]
Amid the ongoing concerns of global economic slowdown and a possible recession in the United States (US), the Bank of Baroda in a report on Saturday has said that a weaker rupee will improve India’s export competitiveness. According to government data, India’s exports reportedly contracted by 15.88 per cent to USD 32.25 billion in July […]
The ‘Mega Oil Palm Plantation Drive’, which commenced on July 25, where State governments along with oil palm processing companies participated, concluded on Saturday. The plantation drive was aimed to promote and increase oil palm cultivation. The government believes this will further assist in achieving the target of bringing an additional area of 6.5 lakh […]
According to government data released on Tuesday, China’s trade numbers decreased in July, an indication that the country’s economic recovery was dragging despite efforts by leaders in Beijing to boost development, according to the New York Times. After the United States, China has the second-largest economy in the world, and its exports have now plummeted […]
In line with the decline in international prices and the continuous policy interventions made by the central government, edible oil prices in India have declined considerably. In a written reply in response to a question in the Parliament on Wednesday, Minister of State for the Ministry of Consumer Affairs, Food and Public Distribution Sadhvi Niranjan […]
India’s overall oilmeal exports rose 19 per cent on a yearly basis during the first quarter of the financial year 2023-2024 to 1.21 million tonne, according to the Solvent Extractors’ Association of India (SEA) data. In June, exports were, however, 35 per cent lower. In the same quarter of 2022, the total oilmeal exports were […]
Godrej Agrovet was allotted about 47,000 acres of land in Sangareddy district in Telangana for oil palm plantation, the company said in a release on Tuesday. Allocated by Telangana’s Department of Agriculture and Cooperation (Horticulture and Sericulture), the allotted area will be utilized by the company to expand the cultivation of oil palm and set […]
India’s overall exports, both merchandise and services combined, in June 2023 are estimated to be USD 60.09 billion, registering a decline of around 13 per cent from June 2022, official commerce ministry data revealed on Friday. In June 2022, the exports were USD 69.20 billion. Overall imports in June 2023 are estimated to be USD […]
As the number of outbound shipments from India reduced in the last four months, the Union commerce ministry has called a meeting of exporters on Monday to take stock of the situation. According to reports, exporters are expected to raise concerns about things like providing more support for participation in international exhibitions and fairs, moving […]
The central government has decided to release pulses Tur from the national buffer stock in a “calibrated and targeted” manner till imported stocks arrive in the domestic market. The food ministry in a release Tuesday said it has directed National Agricultural Cooperative Marketing Federation (NAFED) and National Cooperative Consumers Federation (NCCF) to dispose of tur […]
