Imran, who is in charge of logistics at a leading leather goods manufacturing company in Ambur, a town in western Tamil Nadu, is struggling to send shipments to Europe and the US for several days now. He never imagined that the garment industry in distant Bangladesh could be a source of worry for him. Tons … Read more
The Spices Board will issue an advisory for exporters to raise awareness on ethylene oxide (ETO) contamination and the regulations in various countries, in addition to launching mandatory testing for the chemical in consignments bound for Hong Kong and Singapore. The move comes after industry consultations on Wednesday pertaining to the recall of spice mixes … Read more
The Federation of Indian Export Organisations (FIEO) has said the latest export numbers reflected the resilience of the country’s economy. Amidst geopolitical challenges such as the Russia-Ukraine war and the Red Sea crisis, the country clocked $776.86 billion in 2023-24 as compared to $776.40, Ashwani Kumar, President of FIEO, said. Commenting on the latest export … Read more
Basmati exports have hit a new record both in volume and value during fiscal 2024. As per latest data, shipments during April-Feb crossed the $5.2 billion with volumes touching a new high exceeding 4.67 million tonnes. While the exports for FY24 will create a new record after incorporating the figures for March, the prevailing geopolitical … Read more
India’s Steel Ministry is working on strengthening reporting norms for import shipments, and the reporting portal is being ramped up. This comes in the wake of several “suspected” instances of misreporting or under-reporting of shipment details, an official aware of the plans told businessline. Apart from working on the Green Steel policy and exploring alternative … Read more
The Commerce Department has sought inputs from export bodies on trade barriers and non tariff measures they face in different countries to incorporate ways to combat such barriers in the 100-day action plan to be presented to the new government that takes over after the general elections. The ‘Trade Connect e-Platform’, which seeks to provide … Read more
A strong export demand coupled with ensuing Easter holidays has lifted orthodox tea prices in Kochi auctions. The demand was strong in sale with 92 per cent of sales out of the offered quantities of 1,80,662 kg. According to traders, exporters are busy with their purchase to meet the export commitments before the fiscal year … Read more
Amazon Global Selling, the e-commerce giant’s export platform for micro, small and medium enterprises, is collaborating with the Ministry of Commerce and Director General of Foreign Trade to further accelerate sales from districts that have good export potential. “What we have done over the last two years is specifically start forming partnerships at all levels,” … Read more
Kalanamak, a premium non-basmati rice variety grown in Uttar Pradesh, may be the first one to get an exemption from export ban. However, the move may lead to a slew of demand from across the country where premium rice varieties are grown. An inter-ministerial panel is reported to have approved the proposal of the Food … Read more
China’s export and import growth in the January-February period beat forecasts, suggesting global trade is turning a corner in an encouraging signal for policymakers as they try to shore up a stuttering economic recovery. China’s improved export data joins those of South Korea Germany, and Taiwan, who all saw their shipments top expectations over the … Read more