India’s 2018-19 Sugar Export Contracts Rise to 8.5 lakh Tonnes: Traders

PUNE: Indian sugar mills have traded 8.3 lakh tonnes of sugar, if the 50 lakh tonne that they have to export during 2018-19 sugar season with Uttar Pradesh accounting for more than half of the contacts, said traders at a conference organised by All India Sugar Trades Association (AISTA). Most of the 8.3 lakh tonnes
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Teething issues with South Korea’s S-Oil Corp’s new residue upgrading unit at its Onsan refinery has led the refiner to export excess product, a source close to the matter said this week. S-Oil’s new 76,000 b/d high-severity residue fluid catalytic cracker, or HS-RFCC, at its 669,000 b/d refinery in Onsan, commenced commissioning in April this
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NEW DELHI: The Engineering Export Promotion Council (EEPC) of India recently said the time is ripe for drawing a new export strategy amid rising trade tensions between the world’s two largest economies, the US and China. The council also hailed the centre for to the global trade tensions by maintaining a stance that serves the
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Exporters are availing the refunds of IGST paid on exports regularly for more than a year now. It has been observed that they have committed many errors which have hampered sanctioning of IGST refund. CBIC has introduced several options and alternative mechanisms through which various mismatch errors between the Shipping Bill (SB) and GSTR 1
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Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu said that the Government of India is preparing agro specific zones under the new Agriculture Export Policy which will be unveiled soon. He was speaking at the inauguration of BIOFACH INDIA which is the world’s largest event on organic industry organized by Agricultural and
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The WTO has downwardly revised the forecast for the global trade both for the year 2018 and 2019 putting it at 3.9 per cent (earlier forecast 4.4 per cent) and 3.7 per cent (earlier 4 per cent), respectively. This is in line with revised forecast for the global economy at 3.1 per cent for 2018
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NEW DELHI: Indian sugar mills have signed deals to export raw sugar for the first time in three years as a rally in New York prices to seven-month highs along with Government subsidies made exports lucrative, five dealers and two industry officials said recently. Mills in the world’s second biggest sugar producer were reluctant to
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NEW DELHI: The Cabinet may approve India’s Agriculture Export Policy in the next few days, Commerce and Industry Minister Suresh Prabhu said on September 28. Stable trade policy regime, reforms in the APMC Act, streamlining of Mandi fee and liberalisation of land leasing norms are some of the key recommendations of the draft agriculture export
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NEW DELHI: Commerce and Industry Minister Suresh Prabhu will review sector-specific strategies to increase India’s exports 20% this year amid an uncertain global trade environment and credit availability. The Ministry has identified nine sectors, including gems & jewellery, leather, textiles, agriculture and pharmaceuticals, to drive India’s exports to $400 billion in the next five years.
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NEW DELHI: Commerce and Industry Minister Suresh Prabhu has flagged concerns over a “sharp decline” in export finance and asked Finance Minister Arun Jaitley to consider giving “priority sector” tag to export credit extended by banks. This comes days after Jaitley announced the Government’s plan to reduce non-essential imports and increase exports to bridge the
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