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Coffee exports flat at 2.38 lakh tonnes in January

Coffee exports flat at 2.38 lakh tonnes in January- The output is pegged at 3.19 lakh tonnes for the 2018-19 marketing year Coffee shipments from India, Asia’s third-largest producer, and exporter, remained flat at 2,38,669 tonnes so far this calendar year with maximum shipments made to Italy, as per the Coffee Board. The country had shipped 2,37,780 tonnes of coffee bean during January-July in the previous year, its data showed. India exports large volumes of Robusta variety of coffee bean,…

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Oilmeal exports drop 23% in July lead by sharp fall in soybean meal consignments

Oilmeal exports drop 23% in July lead by sharp fall in soybean meal consignments India’s oilmeal exports for July has reached the lowest level so far this year led by a sharp drop in the soybean meal exports. The oilmeal exports during July 2019 were reported at 166,301 tonnes as compared to 215,716 tonnes in July 2018, down 23 per cent, the Solvent Extractors’ Association of India (SEA) revealed. The data by the trade body showed that the soybean meal…

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MPEDA BETS BIG ON EXPORTS OF LIVE SEAFOOD BY AIR

MPEDA BETS BIG ON EXPORTS OF LIVE SEAFOOD BY AIR Realising the export potential of chilled and live marine foods, the Marine Products Exports Development Authority (MPEDA) is looking at the possibility of sending such shipments by air. The agency has sought the Civil Aviation Ministry’s intervention to facilitate logistical requirement for such consignments through the airports. “Considering the higher unit value realisation of such cargoes, we are hopeful that the Ministry’s involvement will be quite helpful in boosting exports…

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UK BAGS MAJOR SHEEP-MEAT EXPORT ORDER FROM INDIA

UK bags major sheep-meat export order from India.                  The UK’s lamb industry has bagged a lucrative export order to deliver sheep-meat to India, a promising new market for its product. The Agriculture and Horticulture Development Board’s (AHDB) exports division said a range of different cuts of sheep-meat will be covered by the agreement, which is likely to be worth about 6 million pounds over the next five years. According to Farmers Weekly’, the new…

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COMMERCE MINISTRY WORKING ON NEW EXPORT INCENTIVE SCHEME

Commerce ministry working on new export incentive scheme New Delhi, Oct 17 () The commerce ministry is working on a new World Trade Organisation (WTO)-compliant export incentive.. scheme for merchandise shipments to replace the existing MEIS, an official said. Currently, exporters of goods avail incentives under the Merchandise Exports from India Scheme (MEIS). In this, the government provides duty benefits depending on  product and country. “The work is going on for the drafting of the new scheme,which will replace the existing MEIS. It will be finalised  soon. It…

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COMMERCE MIN REMOVES VALUE LIMIT FOR EXPORTS THROUGH POST.

Commerce Min Removes Value Limit For Exports Through Post. The Commerce Ministry Thursday removed the value limit for exports through post but has fixed Rs 5 lakh cap in case of overseas shipments through courier services. “The value limit stipulated on exports through post…has been done away with. The value limit of Rs 5 lakh will be applicable only in case of courier exports,” the Directorate General of Foreign Trade (DGFT) said in a notification. Exporters’ body FIEO said the move gives an edge to shipments through foreign…

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INDIA-SINGAPORE free trade Agreement

India, Singapore Launch Next Round of Free Trade Agreement Review

India, Singapore Launch Next Round of Free Trade Agreement Review India and Singapore Saturday launched the next round of review for their existing free trade agreement with a view to further boost bilateral trade and investments between the countries, the commerce ministry said. The free trade agreement, officially dubbed as the Comprehensive Economic Cooperation Agreement (CECA), came into force in 2005. In a FTA review, two trading partners normally discuss ways to further relax norms and rules to promote trade…

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Employee vs Entrepreneur

Employee vs Entrepreneur

Employee vs Entrepreneur The major reason for going through education system is mainly to get a good paying job and have a good life, but that is not the guarantee for a fulfilled life. There is a clear difference between good-life and fulfilled-life. Both may sound alike, but the term, “Fulfilled-life,” gives you the opportunity to live at your own terms unlike the, “Good-life,” which comes from employment where you are not certain of when and where it might end.…

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