AEPC, exporters lock horns over deadline

Centre withdraws additional allowance for brokens in rice export

Traders demand role in wheat exports to Nepal

Rice exports may fall

India, Thai to discuss rice export prices

Delay in wheat exports to Sri Lanka

Food: safe and secure

Govt. to hike export prices of rice & wheat

MMTC to export wheat, rice

Oilmeal exports post 17% growth

Tea Board plans exporter-rating system

Pepper exports down in first quarter

PSU traders want lower wheat export prices

Tea exports down 3%

India begins rubber exports to Bangladesh

UP exports potatoes in a big way

Govt. may lower duty on oilseed imports

Edible oil imports may cost govt. an extra $450m this year

Seafood exports dip 3.6% in FY02

Bangla curbs to hit sugar exporters

Kandla port speeds up rice exports

Edible oil imports up 39% y-o-y in June

India’s share in tea export market dips

Exports of oilmeals up 14%

India bags wheat export orders

Export demand for coffee stays subdued

Plea to discourage import of raw silk

Bangladesh tea exports plummet

Coir exports hit all-time high

Rail-Port row hits rice exports

Agencies to charge less for onion export NOC

Spices import up

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AEPC, exporters lock horns over deadline

The Apparel Export Promotion Council (APEC) has cut short the time available for transfer of export quota for certain types of knitwear to August 30, sparking off protests from the export community.

(Courtesy- The Economic Times, August, 28)

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Centre withdraws additional allowance for brokens in rice export

The Centre announced the withdrawal of allowance for brokens in case of rice exports other than operational allowance of 2%. The decision has been taken to curb the unhealthy practice of diverting rice sold to traders by FCI for export into the domestic market, official sources said.

(Courtesy- The Economic Times, August, 27)

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Traders demand role in wheat exports to Nepal

The country will be exporting 50,000 tonnes of wheat to Nepal under a government-to-government (GTG) deal even as private traders here are demanding that they too be permitted to be a party to the contract. Sources said government authorities in Nepal have written to their counterparts here of a smaller wheat crop in the country and their much higher requirement than the present sanction of 50,000 tonnes.

(Courtesy- The Economic Times, August, 20)

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Rice exports may fall

Rice crop prospects in the country have improved with the revival of monsoon rains in most growing areas, but an expected drop in yields from a year earlier could slow down exports, officials and analysts said.

(Courtesy- The Economic Times, August, 20)

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India, Thai to discuss rice export prices

Thailand, the world’s top rice exporter, said it would hold talks with India, Vietnam and Pakistan next month to seek co-operation in controlling prices for the commodity. The four countries account for more than half the world's rice exports, according to a recent forecast for ’02 from the United Nations Food and Agriculture Organization. India is emerging as a big rice exporter in Asia, shipping 1.9m tonnes last year.

(Courtesy- The Economic Times, August, 14)

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Delay in wheat exports to Sri Lanka

While India has extended its line of credit for $31m for export of three lakh tonne wheat to Sri Lanka, physical shipments have not yet taken place due to differences over the nodal agency. Line of credit has been agreed upon, but Sri Lanka is insisting upon wheat to be routed through specific trading houses even as India has proposed that Nafed be the nodal agency.

(Courtesy- The Economic Times, August, 12)

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Food : safe and secure

Exports to the US may be more difficult now with a new law, which is more stringent about imports. Exporters will have to comply with additional formalities. The export of food products to developed markets has hit an unexpected hurdle with the US enacting a law namely Public Health Security and Bio-terrorism Preparedness and Response Act of 2002 of the USA. The exporting community feels that the new law will definitely be a hurdle in the way of higher exports to US.

Concerns about bio-terrorism have prompted major markets like the US to enact new laws to ensure food safety. The commerce ministry is in the process of assessing the impact of the new laws on various categories of food exports from the country to the US.

(Courtesy- The Economic Times, August, 12)

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Govt. to hike export prices of rice & wheat

Notwithstanding the ongoing drought, state-run trading enterprise MMTC will export 1.5 m tonne wheat and rice this fiscal taking advantage of the country's burgeoning stocks and price competitiveness in the global market. Going by the current trends the company intends to export a million tonne wheat and half a million tonne rice this year and has already shipped three lakh tonne and 1.5 lakh tonne respectively up to July 15, SD Kapoor, CMD of MMTC, said.

(Courtesy- The Economic Times, August, 10)

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MMTC to export wheat, rice

Notwithstanding the ongoing drought, state-run trading enterprise MMTC will export 1.5 m tonne wheat and rice this fiscal taking advantage of the country's burgeoning stocks and price competitiveness in the global market. Going by the current trends the company intends to export a million tonne wheat and half a million tonne rice this year and has already shipped three lakh tonne and 1.5 lakh tonne respectively up to July 15, SD Kapoor, CMD of MMTC, said.

(Courtesy- The Economic Times, August, 9)

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Oilmeal exports post 17% growth

Oilmeal exports from India rose 16.7% in July from a year earlier mainly due to a sharp rise in shipments of rapeseed meal, a leading trade body said. Oilmeal exports rose to 99,796 tonnes from 85,525 tonnes last year, the Solvent Extractors’ Association of India said in a statement. Exports if rapeseed meal in July surged five times to 60,533 tonnes, it said.

(Courtesy- The Economic Times, August, 6)

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Tea Board plans exporter-rating system

The Tea Board is seriously contemplating an exporter rating system for the tea exporters. The intention is to create transparency and provide information to International customer about the Indian tea industry. The proposal has been mooted in line with recommendations made by international consultant Accenture, requisitioned for formulating a medium-term export strategy for India tea. The objective of the system would be to assign performance ratings to exporters so as to enable overseas importers to make informed decisions in selection of a supplier.

(Courtesy- The Economic Times, August, 5)

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Pepper exports down in first quarter

Pepper exports from the country have dipped to 5,500 tonnes during the first quarter of the current fiscal ended June ’02 mainly due to fall in pepper prices in the global market and competition from Vietnamese pepper. India had exported 7,700 tonnes of pepper valued at Rs 82.40 crore during the same period last year. Valuewise the first quarter's export fetched Rs 45.10 crore, a top official of the Spices Board said.

(Courtesy- The Economic Times, August, 3)

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PSU traders want lower wheat export prices

At a time when global grain prices are skyrocketing and domestic demand swelling, PSU trading companies, backed by some private exporters, have demanded a sharp decrease in wheat export prices to ship out more. The reduction would mean a substantial gain for MNC trading companies eager to buy cheap wheat from India. But India no longer needs excessive exports to diminish its stocks.

(Courtesy- The Economic Times, August, 2)

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Tea exports down 3%

Tea exports fell over 3% in the first half of ’02 to 740 lakh kg compared with the year-ago period, an official of the Tea Board said. In June, exports fell almost 8% to 130 lakh kg (141 lakh kg). Production for the first six months of ’02 fell 4.55% to 284.62m kg from 298.20m kg in the same period a year ago. In ’01, India produced 853.71m kg.

(Courtesy- The Economic Times, August,1)

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India begins rubber exports to Bangladesh

A consignment of 31m tonnes of natural rubber on Monday left for Bangladesh, marking the beginning of India’s exports of the commodity to its neighbour. A total of 31m tonnes of rubber sheets at the rate of $660 per tonne was exported and that would soon be followed by another consignment of 100 tonne.

(Courtesy- The Economic Times, July, 31)

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UP exports potatoes in a big way

Uttar Pradesh, the largest producer of potato in India, is now exporting it in a big way. With technical and financial help from the APEDA, UP has brought about marked changes in the quality and size of potatoes to match global standards. While exports in ‘00-01 was limited to just about 100 tonnes, this would be increased to 10,000 tonnes in the current financial year.

(Courtesy- The Economic Times, July, 29)

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Govt. may lower duty on oilseed imports

The Centre is seriously considering encouraging imports of oilseeds by lowering customs duty and bringing landed cost parity with edible oil imports. Imports of oilseeds are expected to be favoured at a time when the major producing areas are facing a drought and in some states damage to the crop.

(Courtesy- The Economic Times, July, 23)

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Edible oil imports may cost govt. an extra $450m this year

India may have to shell out an extra $450m importing more edible oils this year to compensate for the loss in oil-crops. Added to the usual annual import bill of $2000m, the country could thus easily spend around $2500m between October ’01 to September ’02. An experts said, ‘We are expecting a total oilseed crop of 19.4m tonnes this year, down from almost 33m tonnes last year. This shortfall of 1.7m tonnes oilseed will translate into a commensurate drop in meal and oil production’. The main reason for shortage of oilseeds is the disastrous growing conditions for soyabeans and kharif groundnut, which are the top two oilcrops of India. While soyabean output is expected to be only 48 lakh tonnes, kharif groundnuts are unlikely to be more than 53 lakh tonnes.

(Courtesy- The Economic Times, July, 20)

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Seafood exports dip 3.6% in FY02

After two years of growth, seafood exports showed a decline in the financial year ended March ’02 even as there was significant increase in export to the United States, according to data released by the MPEDA. While the total exports declined by 3.6% in quantity, 7.5% in rupee value and 11.5% in dollar terms during the period respectively.

(Courtesy- The Economic Times, July, 20)

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Bangla curbs to hit sugar exporters

Bangladesh's decision banning import of Indian sugar by land hit the exporters who have already clinched deals for delivery by rail-road as 18,000 tonnes is stranded on the border. Member-secretary Indian Sugar Exim Corporation said, before the eastern neighbour opened sugar imports to private parties, there was no movement by rail and now with the latest restriction it will restore the earlier position. However, the trade is bound to be affected with around eight rakes stranded on the land border and it was yet to be seen whether these rakes will be allowed to go by roads to Bangladesh.

(Courtesy- The Economic Times, July, 19)

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Kandla port speeds up rice exports

Kandla port is handling an additional 4,500 tonnes of grains per day after a new berth became operational, helping to cut the waiting period for ships to 10 days from 15. Traders said the port was handling 12,500 tonnes of grain a day of the 14,000 tonnes that arrived at the port compared with about 8,000 tonnes handled before the new berthing plan.

(Courtesy- The Economic Times, July, 18)

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Edible oil imports up 39% y-o-y in June

Edible oil imports are on the rise again and if the domestic prices continue to rise further due to delayed monsoon in most oilseeds producing states, it may provide a further boost to imports, points out observers. Indian imports of vegetable oils during June ’02, according to the Solvent Extractors’ Association of India, touched a high of 4.3 lakh tonnes from 3.1 lakh tonnes for the same period last year. The latest revelation of SEA showed that India, world’s largest edible oil importer, purchased 39% more overseas oil in June this year than in the same month a year earlier.

(Courtesy- The Economic Times, July, 16)

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India’s share in tea export market dips

With China and Kenya making heavy strides in tea exports, India’s share in the world tea export market has drastically declined from a whopping 34% in ’80 to 16% in ’01 . Indian tea exports, which registered about 22.3 lakh tonnes in ’80, had declined to around 1.8 lakh tonnes during ’01, whereas china with 1.1 lakh tonnes and Kenya with a meagre 1 lakh tonnes had increased it to 2.5 lakh tonne and 2.6 lakh tonnes respectively in the two decades.

(Courtesy- The Economic Times, July, 16)

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Exports of oilmeals up 14%

Despite fall in oilmeals export to 32, 175 tonnes in June ’02 from 44,517 tonnes in June last year, total exports in April-June ’02 quarter have increased to 3,22,600 tonnes, recording a 14% increase over 2,83,610 tonnes exported during the same period last year, according to the Solvent Extractors’ Association of India.

(Courtesy- The Economic Times, July, 15)

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India bags wheat export orders

India is in the process of consolidating its market share in Bangladesh for wheat exports and has bagged orders to export around 40,000 tonnes next month. Official sources said orders are from different parties and will be delivered during the July-August period from the land border at Darshnaghede.

(Courtesy- The Economic Times, July, 15)

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Export demand for coffee stays subdued

Domestic buyers were active but exporters carefully watching international trends were subdued at Indian coffee auctions this week, traders said, as prices mostly held steady. The Indian Coffee Trade Association said that the bulk of the sales came from buyers looking at local sales, while exporters covered just enough to meet their requirements- a trend that has emerged over the past new weeks. Sales volumes fell to 22.3% or 143 tonnes of the 640 tonnes on offer, compared with 24.7% or 157.6 tonnes of 637.2 tonnes last week.

(Courtesy- The Economic Times, July, 13)

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Plea to discourage import of raw silk

Describing the plight of silk-rearing farmers in the State AP as pathetic, CPI (M) member demanded 100% hike in customs duty on imported raw silk from the existing rate of 30%.

(Courtesy- The Hindu, July, 11)

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Bangladesh tea exports plummet

Bangladesh’s tea exports plummeted to record lows last year but burgeoning local demand saved the day. Crop yields were higher but exporters fell mainly due to a reduced demand from Pakistan, which is a major purchaser of Bangladesh tea. Tea exports during January-December ’01 stood at 12.9m kg, against 18.1m kg in ’00. Export earnings fell to $11.61m, down from $16.29m in ’00.

(Courtesy- The Economic Times, July, 10)

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Coir exports hit all-time high

The export of coir and coir products from India touched an all-time high of Rs 321 crore during fiscal ‘01-02, according to provisional export figures given by Coir Board'S ‘Coir News’. Exports during ‘00-01 was of the order of Rs 314 crore, an increase of 2% in value. In terms of quality, export of coir and coir products during ‘01-02 totalled to 70,853 tonnes as against 67,493 tonnes during the previous fiscal, registering a 5% increase in terms of quantity.

(Courtesy- The Economic Times, July, 9)

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Rail-Port row hits rice exports

Rice exports are taking a beating with the ongoing strike of the clearing agents in Kandla on account of differences with the railway authorities, nullifying the price advantage the country enjoys in the international market. As a result exports of around two lakh tonnes have been directly affected and if one takes into account the halt in any further loading at godowns the impact will be much higher, market sources said.

(Courtesy- The Economic Times, July, 6)

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Agencies to charge less for onion export NOC

The government directed Nafed and other state trading entities permitted to canalize onion exports to slash down the service charge levied for issue of NOC to associate shippers. A notification issued by the commerce ministry holds that all fresh issue of NOCs to associate shippers would be levied a service charge of 2%.

(Courtesy- The Economic Times, July, 4)

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Spices import up

India witnessed a rise in import of spices, milk products, toys, umbrellas and locks during April compared to the corresponding month the previous year. In Spices the imports have jumped from Rs 24.9 crore to Rs 139 crore.

(Courtesy- The Economic Times, July, 3)

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