Page 6 - Indian Exports

UAE suspends exports and re-exports of Indian wheat for four months

UAE's economic ministry cited international developments that have affected trade flows as the reason behind the suspension

Exim Bank estimates India's merchandise exports at $117.2 bn in Q1FY23

The country's total merchandise exports are likely to be at USD 117.2 billion in the first quarter of FY23, according to India Exim Bank. The total merchandise exports stood at USD 95.5 billion in the corresponding quarter of the previous year, the bank said on Monday. Non-oil exports continue to witness a double-digit growth of 12.6 per cent, amounting to USD 93 billion, during the first quarter (April-June) of 2022-23, compared to USD 82.6 billion in the year-ago period. The rise in the country's exports could be attributed largely to the continued increase in global commodity prices, driven by supply shocks, enhanced price competitiveness owing to exchange rate movements, and benefits from possible trade diversion, as per the bank. The growth forecast may be subject to commodity price volatility and uncertainties in the global economy, mainly driven by the current geopolitical tension, it said.

Sluggish domestic and international demand may impact steel production

Steel prices were in correction mode before the government imposed the export duty, impacting about 95 per cent of the steel export basket. Post-export duty, prices fell further

India exported alcoholic products worth $322.12 mn during 2020-21

India has exported 2.47 lakh metric tonnes of alcoholic products, worth $322.12 million (approximately Rs 2,507 crore), during 2020-21, the commerce ministry said on Friday.

With ban exceptions, India's wheat export forecast to be 7 MT in 2022/23

Exception to India's wheat export ban are expected to support an export forecast of 7 million tonnes in 2022/23, remaining well above India's export average over the past five years

Indian rice farmers look forward to a good monsoon and a better harvest

Rice has come into focus recently on worries that India may restrict exports of the crop next, after similar moves in wheat and sugar

Top Headlines: Consumer sector deals rise; wheat mkts still on edge & more

Business Standard brings you the top headlines at this hour

India's protectionist moves spark concern that rice may be next target

India has stockpiled more than enough rice and prices have been under control

With a chapati crisis brewing at home, can India afford to feed the world?

As global temperatures rise 2 degrees Celsius or more above pre-industrial levels, the country's chapati challenge is only going to become more urgent

Top Headlines: Metro AG eyes India exit; CIL's slow growth, and more

Business Standard brings you the top headlines at this hour

World's food baskets need a better safety net as India curbs wheat exports

The world had been counting on Indian grain after the war in Ukraine, drought in Argentina and floods in Australia cut production from those countries

Wheat consignments examined by customs can be exported: Commerce Dept

Announcement comes days after DGFT banned all wheat exports to bolster falling stocks and manage food security; govt also allows wheat already being loaded at Kandla to head to Egypt

Indians on Amazon Global Selling to enable $20 bn in exports by 2025

Amazon has doubled the exports pledge and the Indian exporters are on track to surpass $5 billion in cumulative exports on the e-commerce platform.

Sri Lanka crisis opens tea export opportunity that India may miss

Sri Lanka mainly produces orthodox tea, which tends to be harvested and processed by hand. It is popular with tea drinkers in Russia and some eastern European countries.

Firm foothold

Aim to become a stable wheat supplier

India's exports up 37% at $18.79 billion till mid-April, shows data

Excluding petroleum products, the growth in this period was 23.64 per cent over the same period of 2021-22

Exporting grains out of central pool may lead to broken pledges

The move may violate 2013, 2015 vows and can risk drawdown in wheat inventory

Piyush Goyal urges exporters to adopt uncompromising stance on quality

Goyal said that the export community had made India proud with stellar achievements in exports.

Exports up nearly 20% to $42 bn in March; trade deficit widens to $18.5 bn

While total exports during 2021-22 increased to a record high of $419.65 billion, imports too soared to $611.89 billion, leaving a trade gap of $192.24 billion

Credit insurance provider ECGC modifies country risk rating for Sri Lanka

The Mumbai-based company ECGC on Wednesday made changes to its underwriting policy for all transactions related to the outbound shipments to Sri Lanka.