Gujarat's Edible Oil imports down 3% in 2016-17

Gujarat, India's leading destination for vegetable oil imports, has seen nearly 3% fall in import activity on ports during the oil year 2016-17 (October to November), mainly due to delay in shipments and diversion of destination from Gujarat to other states for soft oils imports.

During the same period, India’s total edible oil imports have recorded an increase of 5%. Gujarat’s share in total import was over 41% but in 2016-17 it has declined to 38.74%.

As per the Solvent Extractors’ Association of India (SEA), India has imported 15.44 million tonnes of vegetable oils in 2016-17 which was 14.74 million tonnes in 2015-16. About 5.84 million tonnes cooking oils have been imported at Kandla and Mundra ports of Gujarat in 2016-17 as against 6.06 million tonnes a year earlier.
“Soft oils like Soya and Sunflower oils are mostly consumed in South India. It is possible that some shipments have been diverted to the Mumbai and South Indian ports. As result, import figures of Gujarat ports have decreased. Import from Gujarat mostly cater to the northern parts of India. However, Gujarat is still on top in the country’s total import, SEA said in a statement.

SEA data stated imports of edible oils have gone up at Chennai port to 1.32 million tonne in 2016-17 from 1.17 million tonne in 2015-16. Mangalore port also witnessed rise in imports from 6.95 lakh tonne to 7.43 lakh tonne.

Similarly in the east, vegetable oils imports have increased to 2.24 million tonne from 1.94 million tonne in said period at Haldia port of West Bengal.

Import of edible oil has sharply gained by 45% in last 5 years due to stagnant oilseed production and rising demand in the country and because of it India’s dependence on imported oil has increased to 70% of its requirements. According to SEA data, the country’s import has moved up from 10.38 million tonnes in 2012-13 to 15.07 million tonnes in 2016-17.

India Exports of Iron & Steel

India Exports of Iron & Steel:Exports of Iron & Steel in India decreased to 833.59 USD Million in 2016 from 3177.14 USD Million in 2015. India became net steel exporter in 2013-14 after a gap of six years.India, now the world's fourth largest steel maker, had been a net steel importer since 2007-08 and the trend continued till 2012-13 with 7.9 MT of imports and 5.2 MT of exports. Before 2007-08, India's exports were more than its imports.India was the world's seventeenth largest steel exporter in 2015.India's steel exports represented 2% of all steel exported globall in 2015.The volume of India's 2015 steel exports was one-sisteenth the size of the largest exporter ,china.In volume terms,steelrepresented just 2.3% of the total amount of goods india exported in 2015.In 2013 India's imports have grown 4% overall.India is still seen as an importing country.India became the 3rd largest producer of steel in 2015, and is now well on track to emerge as the 2nd largest producer after China.The overall crude steel production in the month of February 2017 witnessed rise of 8.5%.

India's top export destinations : Nepal,UAE,USA,Iran,Italy,Bangladesh,Belgium,Sri Lanka,Iraq,Saudi Arabia

China is the world’s largest steel exporter.  In 2016, China exported
106.6 million metric tons of steel, a 3.1 percent decrease from 110
million metric tons in 2015.

China's Steel Exports - Top 10 Markets
 :
 South Korea(13%),Vietnam(11%),Philippines(6%),Thailand(6%),Indonesia(5%),India(3%),Malaysia (3%),Saudi Arabia(3%),Singapore(3%),Pakistan(3%)
The United States is the world’s largest steel importer.U.S. imports represented about 19 percent of all steel imported globally, based on available data. steel products are : pipe and tube ,Stainless
,crude steel ,Line Pipe,Ingots and Billets and Slabs, coils ,hot rolled sheets

Stainless Steel Knife ,  Steel Knife,Stainless Steel Nipple,Steel Ladder,Stainless Steel Nut Bolt,Steel Lock,Stainless Steel Nuts And Bolt,
Stainless Steel Pan, Stainless Steel Rod,

Stainless Steel Staircase

Stainless Steel Staircase

Textile, garment, and footwear sectors to surpass full-year export target

Vietnam’s two core export sectors—textile garment and footwear—expect to count $49 billion in combined export value for 2017, with $31 billion coming from the textile and garment sector and $18 billion from the footwear industry.At the recent textile and garment sector business dialogue in Hanoi, chairman of Vietnam Textile and Apparel Association (Vitas) Vu Duc Giang forecast that the sector could achieve $31 billion in total export value this year, surpassing the target by $1 billion.

According to Vitas’ figures, the textile and garment sector reaped $25.7 billion in export value in the year to the end of October, an 11 per cent jump on-year.

The figure is expected to touch $28.5 billion by the end of November.

According to Le Tien Truong, general director of state textile and garment group Vinatex, the US’ withdrawal from the Trans-Pacific Partnership Agreement (TPP) has not affected Vietnam's apparel exports to the US.

“Last year, Vietnam raked in $11.45 billion from textile and garment exports to the US, up 4.5 per cent over the previous year. This year, the export value continues on this upward trend and is expected to reach $12.5 billion,” he said.

As for footwear exports, according to the Vietnam Leather, Footwear and Handbag Association (Lefaso) in the year to the end of October Vietnam counted nearly $13 billion from footwear exports, up 13 per cent on-year.

The full-year export value for the footwear sector is forecast to touch $15 billion, while it was $13 billion in 2016.

Major export markets for Vietnamese footwear products remain the US, Europe, China, and Japan. The US accounted for 35.3 per cent of the country’s total footwear export value with nearly $4.17 billion, up 13.7 per cent on-year, while exports to the EU brought in $3.68 billion, making up 31.2 per cent and increasing by 10.5 per cent on-year. 

China took the second position behind the US with $930 million, a 30.3 per cent jump on-year, making up 8 per cent of the sector’s total export value.

With export value averaging at $100 million per month, Lefaso expects the sector’s total export value to China to reach $1.2 billion this year, paving the way for more robust export growth in the forthcoming years.

Among the ASEAN markets, Vietnamese footwear exports to Indonesia jumped 53 per cent on-year, to nearly $37 million.

Export value to other markets also rose sharply. For instance, exports to Singapore increased by 45 per cent, to Poland 33 per cent, to India 33.7 per cent, and to Hungary 34 per cent.

According to foreign experts, the world economy fared better this year than last year, and China’s reduced investment incentives to its textile, garment, and footwear sectors to focus on the development of higher technology industries have partially shifted processing orders from China to Vietnam to take advantage of the Vietnam-EU Free Trade Agreement slated to come into force from 2018.

UK exports and imports of construction equipment is up 21% in Q3

Imports of equipment also remained strong, showing a 12% increase in the same period over 2016.

In the third quarter 2017, exports equipment showed a further modest increase for the fourth consecutive quarter.

Exports in Q3 were 1.3% up on Q2 levels at (£723 million). This was the highest quarterly level for more than two years, since Q2 2015.

The increasing levels of exports of equipment can be attributed to both improving demand in many of the major overseas markets, as well as the benefit of the weaker £ exchange rate since the middle of 2016, following the Brexit referendum.

Japan remains the single biggest source of imports in 2017, accounting for 20% of total imports of equipment in the first nine months of the year on a monetary basis.

Overall, the UK remains a net exporter of construction and earthmoving equipment, measured in both weight and monetary terms. In Q3, the trade surplus increased significantly to £381 million, the highest quarterly level since 2014. In the first nine months of the year, the export surplus has shown a 33% increase on the same period in 2016.

The US remained top destination for UK exports in the first nine months of 2017, accounting for 23% of total exports on a £ value basis.

Exports to the European Union’s 28 member countries increased to 44% of total exports on a £ value basis in the first nine months of the year, compared with 41% in 2016.

Imports of equipment showed a reduction in Q3, following the same seasonal pattern as the past two years, “peaking” in April-June quarter and “bottoming” in October-December.

However, in monetary value, imports in Q3 were 6% higher than the same quarter in 2016, at (£342 million). In the first nine months of 2017, imports are 12% higher than the same period in 2016, at (£1,128 million).

Higher levels of imports of equipment in the first nine of the year are consistent with higher equipment sales to the UK market, according to the UK construction equipment data exchange.

This shows an increase of 6% in equipment sales in the first nine months of the year compared with the same period in 2016.

The UK construction equipment data exchange is operated by Systematics International, a specialist data processing company to whose data the CEA has access.

Data used in the CEA report is taken from the government’s official trade statistics. It covers construction and earth moving equipment, excluding separate trade data for components and parts. ■

India unlikely to import Wheat in 2018 on higher domestic output

India`s production of Wheat and pulses is expected to jump in 2018 as a hike in the government`s assured purchase prices and ample rainfall have prompted farmers to plant more of the winter crops, industry officials said.

Higher production will help the south Asian country to avoid buying overseas Wheat for the first time in three years.

In October, India raised the price at which the federal government will buy new-season Wheat from local farmers by 6.8% to 1,735 rupees ($26.93) per 100 kgs (220 lbs).

An expected increase in Wheat production to a new high and rising stockpiles meant India would not need to import wheat in 2018/19, an official with state-run Food Corporation of India said.

Wheat stocks with government agencies stood at 23.9 million tonnes as on Nov. 1, up 27 percent from a year ago following record output in 2017, added the official.

India has imported Wheat for the past two years after local production fell due to successive droughts in 2015 and 2016.

The country imported 5.75 million tonnes of wheat in 2016/17, the most in a decade. India imports Wheat mainly from Ukraine, Australia, Bulgaria and Russia.

India`s Wheat output in 2017 rose 6.7 percent from a year earlier to a record high 98.38 million tonnes.

India to import Onion to arrest spiraling prices

National Capital owned Metals and Minerals Trading Corporation of India (MMTC) has floated a global tender for import of 2,000 tonnes of Onions, aimed at boosting the local availability and curbing prices, which at present are ruling as high as Rs 80 per kg in some states.

Onion prices have skyrocketed in most parts of the country owing to supply constraints following a likely drop in the 2017-18 kharif output.

The government has taken several steps to boost Onion availability, including restrictions on exports and stock holding limits on local traders to check hoarding.

Cooperative Nafed has started procuring Onions directly from farmers for distribution in consuming areas. It has been asked to buy about 10,000 tonnes of onions.

Another agency SFAC has been directed to buy 2,000 tonnes of onions, which will start soon.

'Coal import may see further dip on self-sufficiency push'

NEW DELHI: Global rating agency Fitch has said India's dependency on imported coal may continue to decline as the government moves ahead on the path of self- sufficiency.

"We expect India's thermal coal imports to continue to fall as the government maintains its push for self-sufficiency and as renewable energy output increases," the global rating agency said.
"This is amid lower-than-expected demand because of reduced offtake from financially stressed power distribution companies and subdued industrial performance," Fitch Ratings said.
In September, the import went up temporarily as generators stocked up the fossil fuel ahead of winter, it said.
Coal import for October came in flat at 16.65 million tonnes, underpinned by cautious buying by consumers due to high prices in the overseas market, according to the data from mjunction services, a leading name in the e-auction space.
Coal import for October came in flat at 16.65 million tonnes, underpinned by cautious buying by consumers due to high prices in the overseas market, according to the data from mjunction services, a leading name in the e-auction space.
The figure for October 2016 was 16.68 million tonnes (mt).

Import of coal declined 6.37 per cent to 191.95 mt in 2016-17, mainly because of higher production by Coal India Ltd (CIL). CIL accounts for over 80 per cent of the domestic coal production.

India to step beyond renewable goal with China-scale tenders

In a bid to exceed Prime Minister Narendra Modi’s climate pledges, India announced that it will tender enough renewable energy projects over the next three years to surpass 200 gigawatts of green capacity build by 2022.

India declared a three-year program towards tenders for renewable energy projects that will meet its original target of 175 gigawatts of clean-energy capacity within five years, in addition to plans to spur local solar equipment manufacturing that will help push past the goal. It’s also looking at ways to export more wind turbines, a measure that may benefit Suzlon Energy LtdBSE 3.66 %.
“Our renewable road-map doesn’t include plans for floating solar projects and offshore wind installations, and we will comfortable exceed 200 gigawatts by 2022," Power Minister R K Singh said in New Delhi.
With renewable energy targets second only to those set by the government of China, India has a long way to go from a current base of 60 gigawatts to reach its ambition of 175 gigawatts in five years. The South Asian nations needs to expand its current solar capacity seven-fold to reach the 100 gigawatts by 2022. It would have to double wind installations to touch 60 gigawatts over the same period.
The plan to exceed these targets will see tenders of more than 80 gigawatts of solar projects and 30 gigawatts for wind by the 2020 financial year, Anand Kumar, secretary at the new and renewable energy ministry, said in New Delhi.

Solar target timeline targets would unfold as follows:
♦ The current fiscal year ending March 31 will see new solar tenders of 16.4 gigawatts
♦ Solar tenders of 30 gigawatts each to come out in financial years 2019 and 2020
♦ Almost 10 gigawatts floating solar capacity to be built on reservoirs
♦ Solar equipment manufacturers will establish local units to supply domestic market

Wind energy goals would require:
♦ India tendering almost 4 gigawatts wind projects by end of the fiscal year
♦ New tenders of 10 gigawatts each in financial years 2019 and 2020
♦ Plans to set up capacity through wind-solar hybrid projects
♦ Additional tenders for 5 gigawatts of off-shore wind projects
♦ India is also considering getting export-import bank support to help wind turbine makers increase exports, Kumar added.

Oman’s crude oil exports ease to 245m barrels

Muscat: Oman’s crude oil exports fell by 8.7 per cent to 245.19 million barrels in the first 10 months of 2017, down from 268.68 million barrels in the same period last year.

According to official statistics released by the National Centre for Statistics and Information (NCSI), the Sultanate produced 294.88 million barrels of crude oil and condensates during the January-October period of 2017, against the 306.26 million barrels in the same period last year. Oman decided to cut its daily crude oil production by 45,000 barrels (or 4.5 per cent) since January this year, in line with an agreement reached between Organisation of the Petroleum Exporting Countries (Opec) and non-Opec members to eliminate a glut in the oil market.
Opec and non-Opec members have decided to cut crude oil production by 1.8 million barrels per day since January 2017. An Opec meeting scheduled on November 30 is expected to take a decision on whether to extend the cut beyond March 2018.

China retained its position as the leading destination for the Sultanate’s crude oil exports during the January-October period of 2017. China imported 172.11 million barrels of Oman Crude during the January-October period of this year, out of the country’s 245.19 million barrel exports. Although there was a 15.8 per cent fall in the Chinese imports, the country constituted 70.19 per cent of Oman’s total exports

Of late, Chinese refineries prefer Oman Crude, which they procure mostly from the Dubai Mercantile Exchange — the region’s only crude oil trading centre.Surprisingly, India was the second leading importer of Oman Crude, with the country importing 24.35 million barrels during the January-October period, registering a growth of 509.2 per cent.

This was followed by Taiwan, Japan and South Korea at 17.49 million barrels, 9.55 million barrels and 6.40 million barrels of crude oil, respectively, acccording to the monthly data released by NCSI.

With Sohar refinery’s expanded capacity expected to start operations within a few months, exports of Oman Crude will decline further. The Sohar refinery is in the final stages of commissioning its expansion project, which will raise crude processing capacity by 82,000 barrels per day (bpd) to 198,000 bpd.

Of the total oil production of 294.88 million barrels, crude oil output stood 2.9 per cent lower at 268.99 million barrels in the first 10 months, while the production of condensates slipped by 11.4 per cent to 25.89 million barrels.The average daily crude oil production edged down by 3.4 per cent to 970,000 barrels in the first 10 months of 2017, against 1,004,100 barrels in the same period last year. However, the average price of Oman Crude surged ahead by 30.2 per cent to $50.6 per barrel in the January-October period, from $38.9 per barrel in the same period last year. The country produced 367.56 million barrels of oil and exported 321.94 million barrels in 2016.

India restricts Onion export by imposing MEP at $850 a ton

Minimum export price (MEP) is the minimum rate below which exports are not allowed was eliminated from Onion in December 2015 and has reintroduced by the government at USD 850 per tonne to increase domestic supplies and check rising prices.

Supplies got exhausted as large quantity of exports were undertaken in the first four months of the current fiscal. The country exported 1.2 million tonnes in April-July of this fiscal, up by 56 per cent from the year-ago period.

Export of Onion shall be permitted only on Letter of Credit (LC) subject to a MEP of USD 850 per tonne till December 31, 2017." the Directorate General of Foreign Trade (DGFT) said.

The government has asked state-run MMTC to import 2,000 tonnes of Onion, while other agencies Nafed and SFAC to buy Onions locally and supply in consuming areas.

Cabinet allows export of all varieties of pulses

Opening of export of all types of pulses will help the farmer to dispose off their products at remunerative prices and also encourage them to expand the area of sowing.
New Delhi: The Cabinet Committee on Economic Affairs (CCEA) on Thursday approved removal of prohibition on export of all types of pulses to ensure that farmers have greater choice in marketing their produce and in getting better remuneration for their produce.

The CCEA also empowered the Committee chaired by Secretary, Department of Food & Public Distribution (DFPD) to review the export and import policy on pulses and consider measures such as quantitative restrictions, prior registration and changes in import duties depending on domestic production and demand, domestic and international prices and international trade volumes.

Opening of export of all types of pulses will help the farmer to dispose off their products at remunerative prices and also encourage them to expand the area of sowing. Export of pulses would provide an alternative market for the surplus production of pulses. Allowing export of pulses will also help the country and its exporters to regain their markets.

The integration with global supply chain is also likely to help our farmers in adopting good agricultural practices and better productivity.

In 2016-17 production year, the Indian farmers have lived up to the challenge of reducing India's import dependence on pulses and have produced 23 million tons of pulses. The government has taken a number of steps to sustain the high pulses production by our farmers. The government has procured 20 lakh tons of pulses by ensuring minimum support price or market rates, whichever is higher, directly from the farmers and this has been the highest ever procurement of pulses.

Government to import 2,000 tonnes onion to check prices: Food Minister

NEW DELHI: State-run MMTC (Metals and Minerals Trading Corporation of India) will import 2,000 tonnes of onion, while Nafed and SFAC will buy 12,000 tonnes locally in order to boost supplies and check prices, Food and Consumer Affairs Minister Ram Vilas Paswan said on Wednesday.
He said that his ministry has again written to the commerce ministry to reimpose export floor price of $700 per tonne on onion to discourage outbound shipments.
Onion prices in most retail markets have skyrocketed to Rs 50-65 per kg due to tight supply.
"We have asked Nafed (National Agricultural Cooperative Marketing Federation of India) to procure 10,000 tonnes and SFAC (Small Farmers Agriculture-business Consortium) about 2,000 tonnes directly from farmers and sell in consuming areas. We have also asked the MMTC to import 2,000 tonnes," Paswan told reporters.
Onion prices have been under pressure since August, but they have now touched high level that the government is trying all means to improve the availability and control prices.
While the private traders have imported 11,400 tonnes in the last few months, now the government agency MMTC will soon float tenders to import 2,000 tonnes in two tranches.
To discourage exports, Paswan said that he has recommended the commerce ministry to reimpose minimum export price (MEP) on onion, which was scrapped in December 2015.
Meanwhile, the commerce ministry is mulling over imposing MEP of $700-800 a tonne. It has already taken the opinion of exporters and other stakeholders on the matter.

Export drops 1.12% to USD 23 billion in October; trade deficit balloons

Export declined by 1.12 percent to USD 23 billion in October, retreating from a six-month high growth in September as shipments of textiles, pharmaceuticals, leather and gems and jewellery fell, official data showed.
Imports, however, grew by 7.6 percent to USD 37.11 billion in October from USD 34.5 billion in the year-ago month, the commerce ministry data released on Tuesday showed.
Trade deficit widened to USD 14 billion during the month under review as against USD 11.13 billion in October 2016.

Gold imports dipped by 16 per cent to USD 2.94 billion last month.

Oil and non-oil imports grew by 27.89 per cent and 2.19 per cent to USD 9.28 billion and USD 27.83 billion, respectively in October.

Cumulative exports during April-October 2017-18 increased by 9.62 per cent to USD 170.28 billion, while imports grew by 22.21 per cent to USD 256.43 billion, leaving a trade deficit of USD 86.14 billion.

In October, petroleum, engineering and chemicals exports grew by 14.74 per cent, 11.77 per cent and 22.29 per cent, respectively.
India's export had soared by 25.67 per cent to USD 28.61 billion in September, logging its highest growth in last six months on the back of expansion in shipments of chemicals, petroleum and engineering products.

India removes restrictions on Pulses export

Restrictions on export of all kinds of Pulses were taken away by the government to help farmers to get better prices for their produce and also greater choice in marketing their produce.

“Opening of exports of all types of Pulses will help the farmers dispose of their products at remunerative prices and encourage them to expand the area of sowing,” IT and law minister Ravi Shankar Prasad said.

Export of Pulses would provide an alternative market for the surplus production of Pulses that it will also help the country and its exporters regain markets.

The Cabinet Committee on Economic Affairs (CCEA) also empowered the committee headed by food and public distribution secretary to review the export and import policy on Pulses and consider measures such as quantitative restrictions, prior registration and changes in import duties depending on domestic production and demand, local and international prices and global trade volumes.

Pulses Exports Imports

India services export flat at $14 billion in September, import grows

MUMBAI: Services export of India remained flat at USD 13.73 billion in September year-on-year while import slightly picked up to USD 8.45 billion, showed RBI data.
In September 2016, India had exported services worth USD 13.77 billion. The import grew 1.7 per cent from USD 8.30 billion last year.
In August 2017, the services export was USD 13.7 billion while the import came in at USD 8.66 billion.
Cumulatively, the services export during April-September read USD 80.33 billion. Import of services was valued at USD 46.74 billion in the first half of the fiscal, showed the data on India's International Trade in Services released by the Reserve Bank of India (RBI).
India is one of the major economies contributing to the world services export industry.

The services sector contributes to about 55 per cent in India's gross domestic product.
The data for the latest month comes with a lag of 45 days.

The data published by the RBI is provisional and undergoes revision when the Balance of Payments (BoP) data is released on a quarterly basis.

India increases import duties on edible oils as domestic prices of Oilseeds plunged below MSP

India has increased import duties on various edible oils ranging between 60% to even 100% on some oils like crude palm oil. With prices of oilseeds plunging way below the minimum support price levels and oilseed crushing industry too facing competition from cheaper imports, the industry had been demanding restrictions on import of edible oils in the country.
The Soybean Processors Association of India (SOPA) has welcomed the customs duty increase on edible oils. Late last evening, the Government substantially increased import duty on all edible oils and also soybean.

The new rates are as under: Import duty on crude soyabean oil 30% (17.5), soyabean refined oil 30% (20%), palm crude oil 30% (15%), RBD palm oil 40% (25%), sunflower crude oil 25% (12.5%), sunflower refined oil 35% (20%), canola/rapeseed/mustard oil Crude 25% (12.5%), canola/rapeseed/mustard oil refined 35% (20%).
SOPA chairman Davish Jain has said that SOPA has been vigorously following up with the Government at all levels for an increase in the customs duty for more than one year with extraordinary efforts put in recent months. "Only a small increase was done in August this year, because the Government has to balance between farmers and consumers interest and has also to consider impact of oil prices in inflation.
However, working through all the concerned ministries and even ministers who have no direct concern with Agriculture, we were successful in persuading the decision makers that unless the Indian farmer was supported against cheap oil imports, our whole oilseed economy will badly suffer and may even collapse in case of soybean. Also the fate of the industry is directly linked to the farmers interest and the two cannot be seen in isolation.

As the prices of all oilseeds fell below MSP and a sense of deep distress and despondency was setting in the minds of the farmers, the Government, at the highest level, finally saw the logic in our requests and the result is the increase in duty announced yesterday," he said.
Jain also said that many times in the past, he was discouraged and even criticised for harping on a duty increase. "However SOPA stood firm that immediate duty increase was the only way in the short term to help prop up the oilseed prices and help Indian farmers," said Jain.
Jain said that with the immediate support coming from the Government, SOPA will now look at some medium and long term strategies for sustainable profitability of the industry. "Farmers are going to be the center point of of SOPA’s strategy and increasing productivity will be one of its main agenda, along with increasing exports, removing bottlenecks, abolition of Mandi Fee etc," he said.

Seafood exports may cross $6 billion this year

KOCHI: Indian seafood export is all set to cross $ 6 billion in the current year, backed by rising demand for shrimp in the wake of dwindling supplies from other Asian countries.
The US leads the way for buyers during the Christmas and New Year season. “It is the peak season and there is increased demand. The prices are good too,’’ said Shivam Gupta, director of West Coast Fine Foods India.
India is currently the top supplier of shrimps in the world, overtaking Ecuador, according to Globefish, the information and analysis wing on fisheries and aquaculture of the Food and Agriculture Organization (FAO) of the United Nations. The report said Indian farmed shrimp production had reached 5 lakh tonnes last year, with vannamei shrimp, the most preferred variety, touching 4.06 lakh tonnes.
Thailand, which used to be the largest producer of farmed shrimp, is recovering from a viral attack on its farms a few years ago. Globefish said the country is expecting 5% growth from its last year’s output of 2.5 lakh tonnes. But farms in Malaysia and Indonesia are still plagued by diseases.
India exported $5.78 billion (?37,871crore) worth of marine products in 2016-17 with the US accounting for 30% share marginally ahead of southeast Asia. “There is a rising demand for shrimps of small and medium sizes. Unlike Europe, buyers in the US go for bulk purchases. It is possible to ship 100-200 containers,’’ said Tara Ranjan Patnaik, VP of Seafood Exporters Association of India
Among the Asian countries, China and Vietnam are the major buyers. “Earlier, Vietnam used to re-export a lot of Indian consignments to the US. Though they still import, we now compete with them for selling shrimps to US buyers by offering better quality material,’’ said Patnaik.
Indian production of vannamei shrimp is predicted to go over 5 lakh tonnes in the current fiscal. With the increase in vannamei shrimp output in the past few years, seafood companies are scaling up their production facilities.

India services export flat at $14 bn in September, import grows

In September 2016, India had exported services worth USD 13.77 billion. The import grew 1.7 per cent from USD 8.30 billion last year.
Services export of India remained flat at USD 13.73 billion in September year-on-year while import slightly picked up to USD 8.45 billion, showed RBI data.

In September 2016, India had exported services worth USD 13.77 billion. The import grew 1.7 per cent from USD 8.30 billion last year.In August 2017, the services export was USD 13.7 billion while the import came in at USD 8.66 billion.

Cumulatively, the services export during April-September read USD 80.33 billion. Import of services was valued at USD 46.74 billion in the first half of the fiscal, showed the data on India's International Trade in Services released by the Reserve Bank of India (RBI).

India is one of the major economies contributing to the world services export industry.

The services sector contributes to about 55 per cent in India's gross domestic product.

The data for the latest month comes with a lag of 45 days.

The data published by the RBI is provisional and undergoes revision when the Balance of Payments (BoP) data is released on a quarterly basis.

Russian wheat export prices fall on weaker rouble

MOSCOW, Nov 13 (Reuters) - Russian wheat export prices fell for the second consecutive week due to a weaker rouble currency against the dollar and softer demand, analysts said on Monday.
Black Sea prices for Russian wheat with 12.5 percent protein content for December delivery were $191.5 a tonne free on board (FOB) at the end of last week, down $0.5 from a week earlier, agriculture consultancy IKAR said.
The rouble weakened by 0.2 percent against the dollar last week, pressured by debt repayments which increase the demand for the foreign currency.
SovEcon, another Moscow-based consultancy, said maize (corn) prices were unchanged at $166 a tonne, while barley prices rose $3 to $195 per tonne due to strong demand.
"The barley production in the main exporting countries - Ukraine, Australia and the European Union - is expected to be lower than a year ago. Russia is an exception to this case, the output here is expected to rise significantly," SovEcon said.
It sees Russia's 2017 barley production rising by 2.7 million tonnes to 20.7 million tonnes.
"However, Russia's export of this cereal is limited by the lack of export capacity in ports, which are mainly focused on wheat now," SovEcon added.
Russia's grain exports are expected to hit a record 45 million tonnes in the 2017/18 marketing year, which started on July 1, but limited infrastructure has put a brake on further expansion, analysts have said.
By Nov. 8, Russia had exported 17.5 million tonnes of grain since the start of the season, up 25 percent year-on-year. Wheat exports were up 20 percent at 13.5 million tonnes.
Russia, one of the world's largest wheat exporters, is expected to produce a record grain crop this year. It has already harvested 137.2 million tonnes of grain before drying and cleaning. Its farmers have also sown winter grains for next year's crop on 97 percent of the planned area.
Domestic prices for third and fourth-class wheat were up by 50 roubles at 8,300 roubles ($139.9) and 7,475 roubles a tonne respectively in the European part of Russia on an ex-works basis, SovEcon said. Ex-works supply does not include delivery costs.
Russian sunflower seed prices were down 125 roubles at 17,050 roubles a tonne last week, SovEcon said. Domestic sunflower oil prices and FOB export oil prices remained at 44,000 roubles per tonne and $755 a tonne, respectively.
IKAR's white sugar price index for southern Russia rose $9.3 to $396.6 a tonne as of Nov. 10.

Central government moots agriculture export policy to boost farmers’ income

PUNE: The Centre is of the opinion that only exports can ease the country's farmers' woes.
Speaking at a programme organized by the Confederation of Indian Industry (CII) in Pune on Sunday, Union commerce minister Suresh Prabhu said the Centre is drafting an agriculture export policy, a first for India. Prabhu said the government is also taking other steps, such as special studies and researching new products, to increase India's export potential.
"India is at a great advantage, because we have 35 agro-climatic zones. We produce everything that is possible to be produced," said Prabhu, "The prime minister's vision of doubling farmers' income will be possible only when we export our agriculture products."
He was referring to comments made by Prime Minister Narendra Modi earlier this year, when he had said: "By 2022, when the country will be celebrating 75 years of its Independence, farmers' income will be doubled. We will now ensure an efficient "Beej to Bazaar (seeds to market)" system to increase the income of farmers."
Prabhu made a strong case for the export policy, saying it was tough to consume the agricultural produce in the domestic market due to its perishable nature. "So, export is necessary and the new policy will help," Prabhu said.
Prabhu then said the private sector will continue to script the India's growth story. "There is a need to improve the share of manufacturing in the GDP. Currently it is less than 20%, where ideally it should be 25%," Prabhu said, "For this to happen, a two-prong approach is needed — protecting today's manufacturing sector as well as coming up with manufacturing innovations. Even the service industry should generate new ideas."
He urged the service industry to focus on value addition. "(Improve) some existing services and (bring about) some which are not even on offer," he said, "Includinig India providing 'home care services' to other nations with a large population of senior citizens," Prabhu said.

He said that there is a need to find new destinations and reach out to smaller countries with low investment capacity. "The ministry is intent on creating a 'virtual ecosystem' to promote start-ups. It is looking at new supply chain. Even new industry corridors are on the cards," Prabhu said.

Coal import graph turns flat at 16.65 mt for October

Coal import for October came in flat at 16.65 million tonnes, underpinned by cautious buying of the fossil fuel by consumers due to high prices in the overseas market.
The figure for October 2016 was 16.68 million tonnes (mt), according to the latest data from mjunction services, a leading name in the e-auction space.
"Coal import (all types of coals) in October 2017 stood at 16.65 mt (provisional) against 16.68 mt in October 2016 and 15.68 mt (revised) in September 2017," said the online procurement and sales entity jointly floated by state-owned SAILBSE 3.77 % and Tata SteelBSE -0.26 %.
On the import trend of the fossil fuel, mjunction CEO Vinaya Varma told , "While there was a revival in demand for imported material, especially from the thermal power plants facing low coal stock situation, the prevailing high price in the sea-borne coal market was seen as a dampener. As a result, there was cautious buying ahead of the winter months."
However, going forward, the volumes may go up if there is correction in the prices of coal, Varma added.
"There was a marginal growth in non-coking coal import during October on a yearly (and also monthly) basis. This, however, was accompanied by a slight drop in PCI and pet coke, which resulted in an overall flat growth in coal and coke imports during the month under review," the company said.
Of the 16.6 mt total coal imported last month, the maximum was of non-coking variety at 11.2 mt.
Import of coal declines 6.37 per cent to 191.95 mt in 2016-17, chiefly because of higher production by Coal India LtdBSE 0.55 % (CILBSE 0.55 %).
CIL accounts for over 80 per cent of the domestic coal production.

Coal Imports

Finished steel exports surge 45% in October; imports rise 11.5%

New Delhi: Export of on Sunday finished steel saw an annual jump of 45 per cent to 0.778 million tonnes during October 2017, according to official data.

The overall exports of finished steel stood at 0.537 million tonnes in the same month last year, according to Joint Plant Committee's latest report.

"Export of total finished steel was up by 57.7 per cent in April-October 2017 at 5.626 million tonnes over same period last year," the report said.

However, on month-on-month basis, export in October 2017 (0.778 MT) was 30 per cent lower than 1.115 million tonnes in September this year, it said.

On the other hand, the imports grew 11.5 per cent to 0.600 million tonnes in October this year from 0.538 million tonnes in the same month a year ago.

"Import of total finished steel at 4.916 million tonnes in April-October 2017 was up by 18.9 per cent over same period of last year," the report said.

However, on month-on-month basis, the overall import in October 2017 was down by 25.7 per cent over September 2017, it said, adding India remained net exporter of total finished steel last month and during April-October 2017.

The consumption of total finished steel in October 2017 grew by 5.5 per cent to 7.486 million tonnes from 7.093 million tonnes in the same month last year.

On month-on-month basis, the consumption in October was up by 1 per cent over September this year.

During April-October, "the consumption of total finished steel saw a growth of 4.5 per cent at 50.337 million tonne over same period of last year, under the influence of rising production for sale and imports," the report said.

Empowered by the Ministry of Steel, the JPC is the only institution in the country which collects data on the Indian iron and steel industry.

India is the third largest producer of crude steel in the world after China and Japan. The country is now aiming to grab the second spot.

Onion export jumps 56 per cent in April-July, but India now importing

Onion export increased by 47.69 per cent to Rs 1,443.09 crore from Rs 977.84 crore.
New Delhi: India's onion export rose by 56 per cent to 12.29 lakh tonnes in April-July this year, but the country has now gone in for import of the kitchen staple as retail prices have shot up to Rs 65-70 per kg because of tight supplies.

In value terms too, the onion export increased by 47.69 per cent to Rs 1,443.09 crore in the period under review, from Rs 977.84 crore a year ago, it said.

Last week, the government allowed state-owned agencies like MMTC to import onion from countries like Egypt and China to increase availability and cool retail prices that have skyrocketed to Rs 65-70 a kg level in many parts of the country.

Onion exports

According to data maintained by the Directorate General of Commercial Intelligence and Statistics (DGCIS), the country has exported 12.29 lakh tonnes of onion during April-July of 2017-18, up 56 per cent from 7.88 lakh tonnes in the year-ago period.

"Exports increased during April-July because of two reasons: firstly, there was no minimum export price (MEP) and second, the global prices remained much higher," the state- owned National Horticultural Research and Development Foundation (NHRDF) acting Director P K Gupta told PTI.
The exports helped farmers get better rates for their produce during the first quarter of the fiscal when local prices had fallen sharply. However, with old stocks getting depleted and rise in local prices, the exports have slowed, he said.

According to the DGIS data, exporters realised Rs 11,737 per tonne of onion during April-July of this fiscal. MEP is the minimum rate below which export is not allowed.

Onion MEP was scrapped in December 2015. Despite demand from Consumer Affairs Minister Ram Vilas Paswan, the MEP was not imposed in August when retail onion prices had started showing an upward trend.

"Now, retail onion prices have come under pressure because the old crop is getting exhausted. Also, new kharif crop arrival is less," Gupta said.

For instance, in the national capital, the average retail price of onion was ruling at Rs 15 per kg in April and gradually rose to Rs 30-35 in July and by October-end, the rate crossed Rs 50, as per the ministry data. However, local vendors are selling at Rs 65-70 per kg depending on the quality and locality in Delhi.

A similar rise in prices of onion was witnessed in other cities also. To boost local supply, the government facilitated import of onion through private traders, who have purchased 11,400 tonnes from the overseas market so far. The new kharif crop is likely to be lower by 10 per cent as area sown is less by 30 per cent.

The production assessment will be known once the harvesting completes, a senior consumer affairs ministry official said. It may be noted that 40 per cent of the country's total onion crop is produced in the kharif season, and the rest during the rabi season.

The kharif crop, however, cannot be stored. Maharashtra, Karnataka, Madhya Pradesh, Bihar and Gujarat are major onion-producing states.  

India begins anti-dumping probe into "cheap" paper imports

India has initiated an anti-dumping probe into imports of a certain kind of paper from Indonesia, Thailand and Singapore following complaints from some domestic companies.

The West Coast Paper Mills, Tamil Nadu Newsprint, Papers Ltd, Ballarpur Industries and JK PaperBSE -1.61 % had filed an application before the Directorate General of Antidumping and Allied Duties (DGAD) for initiation of anti-dumping investigation into imports of 'Uncoated Paper' from the three countries.
The DGAD in a notification said it has found "sufficient prima facie evidence" of dumping of such paper from these countries. This paper is used as a photocopy or copy paper.
The move is aimed at protecting domestic players in the sector against cheap imports.

"The authority hereby initiates an investigation into the alleged dumping, and consequent injury to the domestic industry," it said.
In the probe, it would determine the existence and effect of the alleged dumping and recommend the amount of anti- dumping duty, which if levied, would be adequate to remove the injury to the domestic industry, it added.
The period of probe would be April 2016 - June 2017 (15 months) for the purpose of present investigations.

However, for the purpose of injury investigation, the period will cover the data from 2013-2016.
Countries carry out anti-dumping probe to determine whether their domestic industries have been hurt because of a surge in cheap imports.
As a counter measure, they impose duties under the multilateral regime of WTO.

The duty is aimed at ensuring fair trading practices and creating a level-playing field for domestic producers vis-a- vis foreign producers and exporters.
India has already imposed anti-dumping duty on several products to tackle cheap imports from countries, including China.

India, Armenia review bilateral trade, ties

India and Armenia on Friday reviewed bilateral ties across multiple sectors in a bilateral meeting between Prime Minister Narendra Modi and Armenian President Serzh Sargsyan.

The two leaders discussed bilateral as well as regional and multilateral issues during the course of the meeting.

"The two sides reviewed present status of bilateral relations and discussed ways to further strengthen future cooperation in diverse areas including political, defence, space, trade and investment, science and technology, education, culture and people to people contacts," an External Affairs Ministry statement said.

"Specific areas with potential to propel bilateral trade and economic relations were discussed including in the sectors of food processing, renewable energy, pharmaceuticals and healthcare, information technology, mining and jewellery," it said.

Data made available by the External Affairs citing Statistical Service of Armenia, the bilateral trade stood at $32.3 million only.

India's imports from Armenia were at $0.4 million and exports to Armenia stood at $31.9 mn again favouring India.

Indian exports to Armenia consist of bovine meat, agricultural products, electrical equipment, cut and polished diamonds, optical equipment, plastics, pharmaceuticals, cosmetics, garments and other chemical goods and cars, while Armenia's exports include non-ferrous metals and rawrubber.

In Friday's meeting, both sides agreed that early conclusion of an India-Eurasian Economic Union free trade agreement would unleash huge opportunities in increasing bilateral trade.

Earlier on Friday, Sargsyan attended the Worl Food India 207 which was inaugurated by Modi.

He also called on President Ram Nath Kovind and met Vice President Venkaiah Naidu.

The Armenian President arrived here on Thursday on a four-day visit to India.

Wedding bells set to ring in fresh gold demand in India

MUMBAI/BENGALURU: Demand for physical gold was lacklustre in top consumers India and China this week, while the lure of the metal remained stable in Singapore, but India’s peak wedding season is expected to usher in renewed interest for bullion in coming weeks.
Gold is considered an essential part of weddings in India, second-biggest consumer of the metal in the world after China, and it is a popular gift on such occasions.
“The wedding season has started. In the next few weeks, there are many wedding dates, which will boost demand,” said Kumar Jain, a Mumbai-based jeweller.
Dealers in India were charging a premium of up to $3 an ounce this week over official domestic prices, unchanged from last week. The domestic price includes a 10 per cent import tax.

“Gold imports by (jewellery) export houses have fallen sharply in the last few weeks. That’s why the market is in premium, despite moderate demand,” said a dealer with a private bank in Mumbai.
In October, India tightened gold import norms for jewellery exporters by restricting them from importing the yellow metal only for export purposes and not for selling in the domestic market.
Meanwhile, in China, the market for the precious metal remained quiet, with premiums of $5 to $9 an ounce being charged over benchmark rates, as against the $6.50 to $10 range in the previous week.

Benchmark spot gold was on track to register a small weekly gain, hovering around the $1,275.00 level as of 0919 GMT on Friday, but still below Thursday’s mark of $1,284.10, highest in nearly two weeks.
“Dips below the $1,270 level (toward the beginning of the week) spurred some buying, but the upside, (around the $1,280 level) limited purchases,” said Ronald Leung, chief dealer at Lee Cheong Gold Dealers in Hong Kong.
Premiums in Hong Kong remained more or less unchanged from last week, in the 60 cents to $1.20 range.

“Premiums are quite low, and except for periodic large sales, the market is quiet,” said Joshua Rotbart, managing partner of J. Rotbart & Co in Hong Kong.

In Singapore, premiums rose to 70-90 cents from the 50 cents last week.
“There has been interest from two segments, the wholesalers and high net worth individuals, so it is still strong,” said Loh Mun Chun, Director, Private Wealth at GoldSilver Central in Singapore.
“The wholesalers need to buy ... to produce jewellery, especially with some spillover demand coming from the Diwali and Dhanterras festivals, while the high net worth individuals ... buy to diversify their portfolio and they have the money.”

Japanese markets were closed for a public holiday on Friday.

India to export excess stock of Pulses

From being an importer of Pulses India is now looking at exporting Lentil piggying back on a huge stockpile.

With a stock of 18MT, agencies like MMTC will look for overseas buyers while a bulk will be put forward to consumer agencies like IRCTC, defence forces, central paramilitary forces and Safal to lift about one lakh tonnes in a year.

Moreover, plans for disposal of another 10 lakh tonnes through government agencies, open market sale and at subsidised rates to states have been planned. The government has also allowed export of Arhar and Urad.

India likely to lift import duty on Vegetable Oil

India, one of world’s biggest importer of vegetable oil, is to lift import duty on Vegetable Oils mainly due to lower domestic demand of Oil seeds like Rapeseed and Soybeans.

Local Oil-seed crushers are struggling to compete with cheaper edible oil imports from Indonesia, Malaysia, Brazil and Argentina.

Considering the situation of local crushers, India seeks raise in import taxes on crude and refined edible oils to protect local farmers.

In August New Delhi had doubled the import tax of Crude Palm Oil and Refined Palm Oil to 15 percent and 25 percent respectively.

Despite the hike in import duty, prices of key oil-seeds such as Soybeans and Rapeseed are trading below the government set price.

Easily find export imports products from worldwide

Search Export Import products :

Nylon Brush ,Nylon Cloth , Nylon Halter , Nylon Lining , Nylon Resin , Nylon Sleeve , Nylon Thread Nylon Yarn , Nylon Cable Tie , Nylon Cord , Nylon Handbag , Nylon Mesh , Nylon Rope
Nylon Socks , Nylon Tube , Nylon Carpet , Nylon Fabric,Nylon Hat ,Nylon Nut , Nylon Sheets , Nylon Spandex , Nylon Twine , Nylon Chips , Nylon Filament , Nylon Knitted , Nylon Polyamide
Nylon Skirt , Nylon Tape , Nylon Wheel

India needs to develop 20-25% of steel capacity along coast by 2025 to meet export targets: Birender Singh

Steel minister Birender Singh has said India could aspire to develop 20-25% of its steel capacity along the country's coastline by 2025 to meet its export targets.
The minister's comments came during an event when he flagged off the maiden coastal shipment of Rashtriya Ispat Nigam Limited(RINL), the corporate entity of Vizag Steel, marking the steel major's foray into sea trade for its domestic needs.

Speaking on the occasion, the Steel Minister said the Sagarmala Project would transform the logistic sector and change the lives of those living along the country's 7500-km coastline. India could aspire for 25-30% of steel capacity to be coastal by 2025 to meet the requirement of steel exports, the minister said. At present, logistic cost in India is amongst the highest in the world but Sagarmala programme has the potential to unlock full potential of India’s coast line and waterways and logistics sector competitive with the world standards, he added.
Coastal shipping is cheaper than road or rail by 60-80% and reduces the burden on rail and road transport. He observed that an overall cost saving of around Rs.40,000 crore per annum is estimated from this project by 2025.
While commending RINL for foraying into sea trade to strengthen its relationship with the coastal transportation for domestic requirements, he said and added that RINL should take advantage of utilizing its locational advantage for import of raw materials like coking coal and export of finished products. He lauded the inherent advantages of coastal shipping over land modes of transport adding that it is environmentally friendly, energy efficient and safer.