The government could take a call on withdrawing the export ban on rice with international prices now seen to be cooling and a good crop expected. “Even if curbs are lifted, the availability of rice for next year will not be affected, because international prices have also cooled down. We are also expecting a very … Read more
India reported a robust 12% annualized growth in merchandise exports at $41.4 billion in the month of February despite global headwinds, narrowing contraction in the first 11 months of 2023-24 by 3.6% to $395 billion, a senior official said. Services exports in February were estimated at $32.15 billion, a 17.3% year-on-year growth over the February … Read more
India’s exports to Nordic countries have expanded dramatically in recent years, according to Shri Piyush Goyal, Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution, and Textiles, who spoke today at the 2nd CII India Nordic-Baltic Business Conclave 2023. The Union Minister stated that India’s exports to the Nordic area increased by … Read more
India is set to lower the floor price for basmati rice exports in response to concerns raised by millers and traders regarding a significant drop in overseas sales of this premium aromatic grain. According to sources familiar with the matter, India’s decision to reduce the floor price aims to support millers and traders in shipping … Read more