Import/Export Industry Notifications

Prices of sugar in the international market have picked up on talks of declining production in Brazil, the world’s largest sugar supplier. This is likely to benefit sugar exports from India, industry people said.

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The government will import 50,000 tonnes of parboiled rice from India through the railways for the first time. The cabinet committee on purchase approved the proposal at a meeting chaired by Finance Minister AHM Mustafa Kamal.

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In a significant boost to India's mangoes exports in the current season, a consignment of 2.5 tonnes of Banganapalli and Survarnarekha mangoes from Andhra Pradesh were exported to South Korea.

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British apple and pear growers can soon export to India for the first time under a trade partnership announced this week. The agreement is not as comprehensive as a free trade deal, such as those with the EU and Japan, but will reduce non-tariff barriers on fruit and other sectors.

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Japanese carrier ONE has followed the decision by a string of airlines to ban the shipment of Vivo Y20 mobile phones. This week, it told customers it would stop accepting “bookings of the Vivo Y20 mobile phone and its non-DG lithium battery with immediate effect.

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There is no development regarding lifting anti-dumping duty on Bangladeshi goods in the Indian market. Dhaka is yet to hear from New Delhi despite sending a letter in this regard two months back, officials said.

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Faced with an intense shortage of medical supplies and oxygen for the treatment of covid-19, the central government has cut customs duty and the paperwork for medical imports and aid.

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India’s exports could take a knock in the months ahead as international buyers have started looking elsewhere for supplies amid uncertainty over delivery commitments as the pandemic rages.

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If India boosts its green tea production, it will be able to expand its export kitty and tap the US market at a cheaper cost, says a research report by Drip Capital. Only 2% of India’s tea exports comprise green tea, and 91% is black tea, the remaining being other tea preparations.

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