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The commerce ministry has suggested imposition of anti-dumping duty for five years on a Chinese chemical used in dye and pharma industries to guard domestic players from cheap imports. The Directorate General of Trade Remedies (DGTR) has recommended the duty after concluding in its probe that '1-phenyl-3-methyl -5-pyrazolone' from China has been exported at dumped prices into India, which impacted the domestic industry.

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Karnataka is prepared to have an excellent mango season this year and expects to record yield of 1.6 mln tons and potentially an increase in exports. Last year, the priced fruit was caught amid the pandemic, with several countries scrapping imports over infection concerns. Also, the yield had shrunk to 700,000 tons due to unseasonal rains.

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Container monitoring specialist Container xChange has mentioned a “positive trend” observed on the organisation’s Container Availability Index (CAx) that it says could make Chinese New Year the turning point. Values for 20-foot dry cargo containers (20DCs) and 40-foot dry cargo containers (40DCs) improve to 0.34 and 0.37, respectively, indicating much higher availability of empty containers than last month.

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Hapag-Llyod still faces an incredibly tight equipment situation affecting all shipments from Finland. They are expecting the problem to remain tight over the next weeks. For Finland, no new bookings will be handled. Customers may send requests for bookings again as of 8 February 2021. If you have an urgent booking for Special Equipment or Dangerous Goods, contact your sales representative to evaluate if you can place the booking.

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Pepper growers in India are becoming wary of the increasing imports especially from Sri Lanka vis-a-vis other pepper-producing countries.

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The upcoming Budget will probably increase customs duties on several dozen products, including certain electronics and electrical items and auto parts, as the government steps up focus to enhance local manufacturing and curb sub-standard, non-essential imports. But the hikes are likely to cover imports of a few billion dollars only or a tiny fraction of the country’s annual imports ($475 billion in FY20).

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India has overtaken China as the world's largest importer of aluminium scrap, and the nation has been adversely impacted due to recent global developments and US-China trade war further fuelled by China's National Sword Policy measures to cut Scrap Imports substantially with stringent scrap standards and inclusion in restricted list of imports, government quota for import, and 25% tariffs aluminium Scrap imports from USA.

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India may announce a five-year plan to cut expensive vegetable oil imports, which is worth $10 billion per annum in next week’s budget, by offering farmers financial incentives to switch oilseeds from grains. Three senior government officials said.

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Enormous bottlenecks outside of the US ports in Long Beach and Los Angeles represent a wild card in terms of when the red-hot container market will cool down again. Close to 30 container ships are currently queued outside of the terminals on the US West Coast, waiting for berth spots.

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