Export News

Peru to increase its exports to India

Peru to increase its exports to India Peru, which has recently come out a new export master plan, said that it would increase its exports to India. Metals like copper, gold, and zinc are among the items that Peru prominently exports to India. India will be one of the top priority destinations for Peru, a statement said on Wednesday. “We have implemented a strong plan to intensify our efforts to encourage exports to new markets. Therelationship between Peru and India…

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Indian cooperatives ink pact with Sri Lanka for milk supply

Indian cooperatives ink pact with Sri Lanka for milk supply NEW DELHI: India, the world’s largest milk producer, on Friday signed a memorandum of interest (MoI) with Sri Lanka for supply of milk and milk products. The MoI was signed at the inauguration of the country’s first-ever India International Cooperatives Trade Fair being organised at Pragati Maidan here. “Three MoIs have been signed with the Sri Lanka government which shown interest to buy milk from India. The quantity and price…

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India’s engineering exports to China up 58% in Aug

India’s engineering exports to China up 58% in Aug Our Bureau India’s engineering exports to China have gone up by an annualised 58 per cent in August 2019, bucking the trend of drop in overall exports to the world market, says data by EEPC India, an apex body of engineering exporters under Ministry of Commerce. The data should come as a welcome boost on the eve of second informal meeting between Prime Minister Narendra Modi and Chinese President Xi Jinping on…

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Coking coal shipments rise 15% to 29 MT at 12 state-run ports in Apr-Sept

Coking coal shipments rise 15% to 29 MT at 12 state-run ports in Apr-Sept NEW DELHI: Coal shipments handled by India’s 12 major state-run ports during April-September rose by 15.25 per cent to 29.29 million tonne (MT), according to a ports’ body. The state-run ports had handled 25.41 MT of coking coal cargo in the corresponding period of the previous fiscal. Shipments of thermal or steam coal, however, declined by 13.20 per cent to 44.87 million tonne, the Indian Ports…

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MMTC invites fresh bids for onion imports

MMTC invites fresh bids for onion imports NEW DELHI: State-owned trading company MMTCNSE -1.60 % has invited fresh bids for the import of 2,000 tonnes of onions with a price ceiling of $352 (about Rs 24,992) a tonne, at a time when 15,000 tonne of onions in the government’s buffer stock have dried up in warehouses. The validity of the bid will be till October 17. Onions are scheduled to be delivered by the end of this month to help the…

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Indias Pharmaceutical Exports Is Likely To Grow In The Fiscal 2019-20

Indias Pharmaceutical Exports Is Likely To Grow In The Fiscal 2019-20 In July 2019, Indian exports recorded 21.7 percent growth to 1.72 billion (total exports from April to July this year was at USD 6.17 billion). The cumulative growth of Indian exports for the period April-July was 13 per cent. As of June 2019, Indias generic pharmaceutical exports have grown almost 2.7 to 2.8 times faster than the market (global generic market). Speaking to reporters, director-general of Pharmexcil, a body…

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No major hurdle to trade deal: India, US

No major hurdle to trade deal: India, US NEW DELHI: India and the US on Thursday said there was no structural reason or major issue holding back a bilateral trade deal, even as the two sides differed on New Delhi’s ecommerce policy. “Neither government said that there will be a trade deal in five minutes. That was not us, wasn’t (commerce) minister Piyush Goyal. I think that was just speculation,” US secretary of commerce Wilbur Ross said at the ‘Trading…

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Steel tycoon banks on exports as demand plunges in India

Steel tycoon banks on exports as demand plunges in India India’s most valuable steel producer is looking outward as the slowest economic expansion in six years cuts demand in the South Asian country and puts pressure on margins. JSW SteelNSE -3.17 % Ltd. expects to exceed its export target of 2.2 million to 2.4 million tons for the fiscal year “after having seen the slowdown in the domestic demand,” Joint Managing Director Seshagiri Rao said Thursday in an interview. That’s…

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Government bans onion exports with immediate effect

Government bans onion exports with immediate effect NEW DELHI: The government on Sunday banned exports of all varieties of onion in a bid to tame prices, which have doubled in the domestic retail market since July. It also imposed stock limits on onion traders to facilitate release of stocks and prevent hoarding by traders. Retail traders across the country will now be able to stock only up to 100 quintals of onion while wholesale traders will be allowed to stock…

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Cotton exports falter due to higher prices

Cotton exports falter due to higher prices JALGAON: Indian traders have been struggling to sign export contracts for the new season crop as local prices are prevailing above global prices after New Delhi raised the minimum buying price to support farmers, an industry official said. Lower exports by the world’s biggest cotton producer in 2019/20 season starting from Oct. 1 could support global prices and help rivals such as the United States and Brazil increase cargoes to key Asian buyers…

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