New Delhi, March 20 (IANS) Pakistan’s rice exports declined by over 35 per cent in February despite government subsidies, raising concerns over the effectiveness of the support measures, according to a report.According to the report in Dawn, exporters said the subsidy programme had pushed up domestic prices, making Pakistani rice less competitive in global markets and undermining the intended benefits.However, official data from the Pakistan Bureau of Statistics showed that basmati rice export…
Latest Exporters News & Updates
New Delhi, March 19 (IANS) The government on Thursday launched a new scheme called Resilience and Logistics Intervention for Export Facilitation (RELIEF) to help Indian exporters deal with disruptions caused by the ongoing crisis in West Asia, aiming to ensure smooth trade and protect the country’s market share.Commerce Secretary Rajesh Agrawal announced the RELIEF scheme, saying it is part of the government’s broader Export Promotion Mission.He described it as a carefully designed support p…
New Delhi, March 11 (IANS) The Indian government is actively exploring support measures for domestic shipping companies and exporters as insurance costs have shot up due to the war-risk premium that is being levied due to the Iran war, which has engulfed the Middle East region, according to a senior Finance Ministry official.Industry stakeholders have flagged the sharp increase in insurance costs during consultations held by Shipping Secretary T.K. Ramachandran and Department of Financial Servic…
New Delhi, March 10 (IANS) The Middle East tensions and supply chain disruptions are posing challenges to India’s exports of perishable products such as agricultural produce, dairy items and fruits, industry said on Tuesday.Rising logistics costs and disruptions in key maritime trade routes are creating difficulties for exporters, particularly those dealing with time-sensitive commodities.Vijay Kalantri, Chairman of World Trade Center Mumbai and President of the All India Association of Indust…
New Delhi, March 9 (IANS) The government is preparing to take action against what it describes as “profiteering” by shipping companies and port operators, following complaints from exporters about steep and often undisclosed surcharges amid disruptions caused by the ongoing conflict in West Asia, according to a report.The government authorities have asked shipping lines and port service providers to fully disclose all fees upfront, including fixed, conditional, and ancillary charges, before …
Coimbatore, March 9 (IANS) The ongoing conflict in West Asia and the disruption of maritime traffic through the Strait of Hormuz have begun to impact India’s textile sector, with polyester fibre prices rising sharply in the past week. According to industry representatives, the price of polyester fibre has increased by Rs 12 per kilogram, creating fresh concerns for textile manufacturers and exporters. The Strait of Hormuz is one of the world’s most crucial maritime corridors for the transpor…
New Delhi, March 8 (IANS) The Central government has relaxed customs procedures for export cargo that is returning to India after ships were forced to turn back due to disruptions in key maritime routes, including the closure of the Strait of Hormuz.The move comes after several vessels carrying Indian export consignments were unable to reach their destination ports because of the ongoing disruptions in the region.As a result, some ships have returned to Indian ports with cargo that had already b…
New Delhi, March 7 (IANS) The government on Saturday extended the deadline for fulfilling export obligations under certain export promotion schemes to August 31, 2026, to help exporters facing disruptions in global trade and shipping routes.The Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce and Industry, announced the decision through a public notice.The move comes amid ongoing geopolitical developments that are affecting global shipping routes, logistics corridors a…
New Delhi, March 6 (IANS) Union Commerce Minister Piyush Goyal on Friday said that talks are on with the Shipping Ministry and shipping companies to free up cargoes stranded due to the conflict in West Asia.The government will look at ways to ease exporters’ burdens, including high insurance and shipment costs.”Every day, the inter-ministerial group talks to the exporters. Even this morning, they must have had an engagement. They take feedback, and we will not be found wanting in supporting ou…
New Delhi, March 6 (IANS) The cost of a home-cooked vegetarian (veg) thali was flat (on-year) in the month of February, while a non-vegetarian (non-veg) thali declined 3 per cent, a Crisil Intelligence report showed on Friday.Despite a decline in the prices of onion, potato and pulses, the cost of a veg thali remained stable as tomato prices rose sharply, it added.Onion prices fell 24 per cent on-year due to an influx of late kharif onions, while limited shelf life forced immediate market dispos…