India extends ban on import of Chinese milk products, chocolates

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India extends ban on import of Chinese milk products, chocolates

The government Tuesday extended the ban on import of milk and its products, including chocolates, from China till laboratories at ports for testing presence of toxic chemical melamine are upgraded. Food regulator FSSAI had recommended extending the ban until all labs at ports are modernised to test the chemical. The ban was first imposed in […]

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Uncertainty looms over basmati, tea exports after Iran sanctions

Uncertainty looms over tea and basmati rice exports from India as the US intends to fully clamp down on Iran oil exports, say companies and trade association. Industry is concerned as India is an importer of crude oil from Iran and any sanction on Iran can impact trade of other commodities India export. India annually […]

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India’s Foreign Trade: Need for accelerating pace

At the very outset let us have a quick look at what is recently happening in the foreign trade sector. Exports from India increased 11.02 percent from a year earlier to USD 32.55 billion in March 2019, boosted by sales of organic and inorganic chemicals (16.98 percent), engineering goods (16.27 percent), RMG of all textiles […]

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Government likely to raise wheat import duty to 40%

The government is likely to raise the import duty on wheat from the current 30% to 40% to rule out any possibility of cheaper imports amid the harvesting of the new crop. The import duty increase will force flour millers to buy wheat from FCI, which is set to offload stocks rather than source the […]

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India’s oilseed output forecast to increase

India’s oilseed production in 2019-20 is forecast to rise by 8% over the previous year, assuming normal weather conditions, according to an April 19 Global Agricultural Information Network report from the U.S. Department of Agriculture (USDA). The anticipated rise in oilseed supply will increase oilseed meal production by 5.5% to 18 million tonnes, leaving some […]

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Ginger output likely to be higher in 2019-20

Ginger production for the coming season (2019-20) is likely to be higher than the previous year with more area coming under the crop. Higher returns have prompted more farmers in Karnataka and Maharashtra to substitute maize,cotton and tobacco with ginger. Ginger market is back on track and on an upswing with domestic production seen lower […]

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Yet again, SEA seeks duty on palm oil imports from MFNs

Edible oil trade body Solvent Extractors’ Association of India (SEA) has raised its demand to impose safeguard measures on palm oil imports from countries enjoying Most Favoured Nation (MFN) status with India. In a letter to the trade and industry, SEA President Atul Chaturvedi stated that the industry would like the Government of India “to […]

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Asia Fruit Logistica announces its 11th edition in the Indian market

Asia Fruit Logistica, the leading international trade exhibition for fresh fruit and vegetable marketing in Asia, announces its upcoming edition in Hong Kong from 4th to 6th September 2019. Offering unparalleled opportunity in the fresh produce sector and related value chain, Asia Fruit Logistica aims at assisting industry players to build new business contacts and […]

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Telangana plans fruit treatment plants to push up mango exports

With a view to tapping the high potential for mango exports from Telangana, particularly to the US and European markets, the State government’s Horticulture Department is planning to set up five pack houses, scientific fruit processing-cum-treatment facilities to ensure quality in tune with the demands of those countries and also to improve shelf life of […]

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Need to finish reforms in 5 years, privatise PSBs: Arvind Panagariya

India must focus on growth of labour-intensive sectors to create decent jobs for the masses as well as give serious thought to privatising the public sector banks (PSBs), eminent economist Arvind Panagariya has said, emphasising that the reform process must be completed in the coming five years.   Panagariya, who had served as the first […]

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