Oilmeals export volume up 13% in 2023-24; value at 10-year high

[ad_1] Oilmeals export from India grew by around 13 per cent in quantity and 35 per cent in value during FY24. Data compiled by the Solvent Extractors’ Association of India (SEA) shows India exported 48.85 lakh tonnes (lt) of oilmeals...

Indian economy projected to grow 6.5 per cent in 2024: UNCTAD

[ad_1] India’s economy is projected to grow by 6.5 per cent in 2024, according to a report by the UN which noted that multinationals extending their manufacturing processes into the country to diversify their supply chains will have a positive...

Global turmoil pulls down India’s goods exports by 3.1% to $437 billion in FY24

[ad_1] Geo-political conflicts, slowdown in global demand and fall in commodity prices took its toll on India’s foreign trade with goods exports falling 3.11 per cent (year-on-year) in April-March 2023-24 to $437.06 billion as items including petroleum products, gems &...

India’s iron ore exports at a three year high at 47.8 MT

[ad_1] India’s iron ore exports stood at 47.8 million tonne (MT) for FY24, the highest in three years; and the second highest in six years, driven primarily by strong demand from China. Reports across some key ministries and trade sources...

Exports of Ashwagandha rose 8 times in 6 years, says Ministry of Ayush

[ad_1] Exports of Ashwagandha (Indian Ginseng) have risen by eight times in the last six years with the herb reaching overseas markets like the United States, Czech Republic and Canada, a senior Government of India official said in Ahmedabad, Saturday.“In...

US is a major beneficiary of India’s curbs on rice exports

[ad_1] The US has turned out to be one of the major beneficiaries of India’s curbs on rice exports with prices of rough rice futures on Chicago Board of Trade (CBOT) rising to the sixth highest average of $18.66 per...

India allows sugar, rice and onion exports to Maldives

[ad_1] India on Friday allowed the export of essential items such as eggs, potatoes, onions, rice, wheat flour (atta and maida), sugar, dal (processed pulses), stone aggregate and river sand to Maldives, prescribing a quantitative limit for each item during...

Silk goods exports jumped 20% to ₹1534 crore during April-January 2023-24

[ad_1] India’s exports of silk products have risen by about a fifth during the April-January period of financial year 2023-24 on rise in overseas demand for fabrics, made-ups and readymade garments from markets such as the United States and Europe..Silk...

India’s exports may reach $450 billion this fiscal: New FIEO President

[ad_1] The country’s merchandise exports are expected to reach $450 billion by the end of this fiscal despite geo-political challenges like the Red Sea crisis, newly elected president of apex exporters body FIEO’s Ashwani Kumar said on Tuesday.Also read: Exporters...

Overseas demand pushes up orthodox leaf tea market at Kochi auctions

[ad_1] A widespread overseas demand coupled with the non-availability of tea in North India has pushed up orthodox leaf prices in Kochi auctions, witnessing an increase of ₹6 per kg in average price.Traders said 90 per cent of the offered...
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