During the first nine months of 2023–2024, India’s oil meal exports increased by 24% thanks to a spike in soy meal exports. According to data gathered by the Solvent Extractors’ Association of India (SEA), India exported 34.96 lakh tones (lt) of oil meals between April and December of 2023–24, up from 28.16 lakh tones during…
India’s domestic steel prices are still unstable due to weak purchasing, delayed international demand, a decline in export offers, and lower-than-expected demand in traders’ markets. This week, the benchmark hot-rolled coil (HRC) price was about 59,200 per tonne, a 2–3% decrease from the same time last month (mid-March). After mid-March, there had been some cooling…
India’s export of goods dropped for the first time this fiscal year in October 2022, dropping 16.6% to $29.78 billion (year over year). Shipments of the most of major goods, including petroleum, gems and jewelry, engineering equipment, chemicals, textiles, and medicines, suffered. According to initial estimates issued by the commerce and industry ministry for October…
Export controls may be put in place for broken rice, which is utilised for both human consumption and as animal feed. According to sources, the restriction of enforcing an export tax is being taken into consideration.In the past few months, the price of broken rice in India has increased by about Rs. 3 per kg…
Indonesia has lifted the suspension on agricultural products from India from March 25 with immediate effect, which is major relief to Indian exporters. Jakarta had suspended agricultural imports such as wheat, sugar, rice and maize from India after the latter failed to register its food safety testing laboratories, which issue Certificate of Analysis (COA), before…
Bagadia Brothers offer wheat at $399.69, which is lower than previous two tenders. The bid is around seven dollars lower than the previous tender. An Indian exporter makes the lowest bid on Bangladesh’s latest tender to import 50,000 tonnes of wheat. Swiss Singapore Overseas made the second lowest bid at $399.69 a tonne and Intra…
