Import/Export Industry Notifications

The FBX Asia–USWC component edged up by 1%, to $4,334 per 40ft, while rates to the US east coast were flat at $5,739 per 40ft. Transpacific rates for the US west coast are 210% higher than a year ago, with east coast rates up 113% on 12 months ago. Shippers are resigned to the probability that container spot freight rates from Asia will remain at their current high levels after the Chinese New Year.

Click Here To See The Official Notification

India, the world’s second-biggest sugar producer after Brazil, is likely to sell 4.3 million tonnes of the sweetener on the world market in the 2020-21 season against 5.7 million tonnes shipped in the preceding year. India’s sugar exports are expected to drop more than 24% in the current year to September because of logistical constraints such as a scarcity of containers and congestion at the country’s ports, a leading trade body said.

Click Here To See The Official Notification

There is a possibility of higher onion production. This has brightened the export prospects of processed onions from the state. A record 70,000 tonnes of dehydrated onions is expected to be exported in 2021-22 from Mahuva in Bhavnagar district, which accounts for around 90% of India’s exports dehydrated onions.

Click Here To See The Official Notification

Exports from Jaipur airport have stopped for more than a month, and exporters are using road transport to reach Delhi airport to send their consignments, incurring higher costs and losing precious time.

Click Here To See The Official Notification

On Friday, Dr. M. Angamuthu said the first consignment of 32,250 metric tonnes of broken rice has started from Kakinada Deep Sea Port to Senegal in West Africa. The export of rice from the deep seaport is a dream that has been realized with the Andhra Pradesh State government's support.

Click Here To See The Official Notification

John Fossey, the Senior Analyst on Container Equipment at Drewry, said that containers are not promptly delivered to delivery points. Fossey noted that major Southern Californian ports, including Long Beach and Los Angeles, are under “unexpected pace and sustained demand” due to the e-commerce boom from the COVID-19 pandemic, as well as disruption to shipping lines and national or regionalized lockdowns being levied across the industry.

Click Here To See The Official Notification

Indian wheat is expected to make more significant inroads into global markets in the 2020-21 marketing year (April-March) for the first time in six years, led by tightening supplies from major exporters and a swelling domestic inventory.

Click Here To See The Official Notification

More than 1,000 containers are stuck at India’s Mundra port as authorities crack down on the illegal self-sealing of goods amid a persistent shortage of equipment, sources said. The authorities have now disallowed the pre-stuffed containers and mandated the inspection of cargo at the port.

Click Here To See The Official Notification

The Spices Board has set an arduous target of achieving an export value of $5 billion by 2025 and $10 billion by 2030. The export value in 2019-20 was $3 billion. “We are on a mission to promote Indian brands abroad by coordinating with Indian Embassies.

Click Here To See The Official Notification