As Robusta prices continue to inch upwards tracking global price trends, availability of coffee is turning out to be an issue in India with growers holding back their produce while exporters struggle to meet their commitments. Also read:Indian coffee exports top ₹10,000 crore in FY24 on soaring robusta prices Prices of Robusta Cherry, the widely … Read more
Exporters seeking to avail duty concessions on shipments to the UK will have to adhere to the new British rules under the Developing Countries Trading Scheme (DCTS). Also read: DGFT partners with DHL for training MSMEs in e-commerce In a trade notice, the Directorate General of Foreign Trade said that the United Kingdom (UK) has … Read more
The default value for carbon emissions released by the EU recently could have an impact on Indian steel and cement exporters if these numbers are taken as a benchmark to calculate carbon tax dues under the proposed Carbon Border Adjustment Mechanism (CBAM), per industry estimates. Taxation under CBAM starts in 2026. For the transitional period … Read more
The Red Sea disruptions and recessionary trends in the West notwithstanding, India’s goods exports inched upwards in January 2024, posting a 3.12 per cent growth (year-on-year) to $36.92 billion, propped by sectors such as electronics, engineering goods and pharmaceuticals. Imports increased 2.99 per cent to $54.41 billion in January 2024, with crude oil, electronics, coal … Read more
Even as the government has been working to achieve self-sufficiency in pulses by 2027, it does not want to get dependent on a single country for the import requirements, nor does it want to be dictated on price fronts by any cartel. Sending out a warning to importers and exporters of Myanmar against any unreasonable … Read more
Dry red chilli prices have rebounded and firmed up in the recent times on concerns over crop size, demand from exporters and stockists. The trade feels the overall crop size is likely to be lower than the initial expectations, which were fuelled largely by an increase in acreages across all the three key producing States … Read more