China's supply cut and global disturbances reduces India’s fertilizer imports
3 months, 3 weeks ago

China's supply cut and global disturbances reduces India’s fertilizer imports

Live Mint  

Chinese supply curbs and global supply chain disruptions have dragged down the production and imports of key fertilizers, casting a cloud over India's crop yields and farmer incomes. “Of the six million tonnes of fertilizers that India imports, China used to supply about two million tonnes. India imported a total of 10.65 million tonnes of phosphatic and potassic fertilizers in FY24, with 2.25 million tonnes sourced from China, Union fertilizers minister to Union minister of state for fertilizers Anupriya Patel said in the Rajya Sabha in August. A Parliamentary Standing Committee on Chemicals & Fertilizers highlighted in its March 2023 report that India's food grain requirement is projected to reach 300 million tonnes by 2025, and to meet this demand, the country will need about 45 million tonnes of plant nutrients annually to sustain agricultural productivity and support the growing population.

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History of this topic

India lifts export ban on broken rice, global prices may fall
2 weeks, 6 days ago

India lifts export ban on broken rice, global prices may fall

New Indian Express  

The Indian government has lifted the ban on the export of broken rice, a decision that could potentially lead to a drop in global rice prices. Experts estimate that India, the world's largest rice exporter, could ship over two million metric tonnes of broken rice to international markets. The Ministry of Commerce and Industry stated in the notification that India …

Agriculture key focus in early India-US trade talks
3 weeks, 1 day ago

Agriculture key focus in early India-US trade talks

Hindustan Times  

Agricultural produce has emerged as one of the key focus areas of the ongoing discussions between India and the US for a trade deal, people familiar with the matter said, adding that despite popular perception, it is possible for either country to enhance market access for produce by reducing tariffs and removing non-tariff barriers. “It can be done on reciprocal …

India's Worrying Economic Dependence On China
2 months, 1 week ago

India's Worrying Economic Dependence On China

India Today  

India's trade deficit with China hit $85.1 billion in fiscal year 2024, underscoring growing economic concerns. This widening gap highlights India's deep reliance on Chinese goods across critical sectors like electronics, telecom, solar energy, and electric vehicles. Expanding PLI schemes to additional sectors and negotiating favorable trade agreements, particularly with countries like the UK, could bolster Indias manufacturing capabilities and …

India is shining but needs to go beyond IT to become global power
2 months, 2 weeks ago

India is shining but needs to go beyond IT to become global power

Firstpost  

In order to compete and excel China as an economic and military power, India needs to add hard muscle power to its digital power. Recent statistics showing India’s services exports surpassing its merchandise exports are not just numbers but a testament to the country’s growing strategic importance in the global tech services value chain. The presence of these centres underscores …

Closure of Sterlite Copper plant harming Indian economy and posing challenges for future
3 months, 1 week ago

Closure of Sterlite Copper plant harming Indian economy and posing challenges for future

Op India  

On 20 December, protests erupted at Thoothukudi in Tamil Nadu, demanding the reopening of the Vedanta’s Sterlite Copper Plant which was closed on the Tamil Nadu government’s order, which was supported by courts. The closure of the Sterlite Copper plant had such widespread ramifications on the country’s copper trade that from being one of the top five exporters of copper …

India-China trade: An alarming $18 billion discrepancy
4 months ago

India-China trade: An alarming $18 billion discrepancy

Live Mint  

India-China trade data for 2023 reveals a widening discrepancy, with India's reported imports from China falling significantly short of China's export figures, raising concerns over potential anomalies such as under-invoicing, misclassification, and inconsistent reporting practices. In 2023, India's merchandise imports from China stood at $99.59 billion, which was 18.2% lower than the $117.68 billion worth of exports reported by China, …

Coromandel to Focus on Developing Fertilizer Value Chain Amidst Geo-Political Unrests
4 months, 1 week ago

Coromandel to Focus on Developing Fertilizer Value Chain Amidst Geo-Political Unrests

Deccan Chronicle  

Chennai: Coromandel International is focused on developing a strong fertilizer value chain amidst the disruptions in the global market, said S Sankarasubramanian, MD & CEO, Coromandel International told Sangeetha G in an interview. We have focused on developing a strong fertilizer value chain by enhancing our raw material sourcing capabilities and investing in backward integration. This year, we laid the …

India poised to gain from Trump’s potential tariff hike on China, says report
4 months, 2 weeks ago

India poised to gain from Trump’s potential tariff hike on China, says report

Live Mint  

Following Donald Trump's victory in the U.S. presidential elections, a report from CareEdge suggests that India could benefit from potential shifts in global trade dynamics if Trump moves forward with plans to impose high tariffs on Chinese imports. Such policies aim to reduce the U.S. dependence on Chinese imports, a move that could disrupt established trade channels and prompt companies …

India could benefit from re-orientation of global supply chain away from China after Trump victory: Report
Trending News
4 months, 2 weeks ago

India could benefit from re-orientation of global supply chain away from China after Trump victory: Report

Op India  

After the victory of the Donald Trump in the US Presidential elections, India could benefit from any re-orientation of the global supply chain away from China says a report from Care Edge As per the report, Trump has proposed imposing high tariffs on imports from China, which could lead to changes in global trade dynamics, creating opportunities for India. It …

How India can fix the Chinese imports problem
5 months, 3 weeks ago

How India can fix the Chinese imports problem

Live Mint  

India last month extended countervailing duties of 12-30% on certain steel imports from China and Vietnam, following requests from local producers to safeguard against cheaper imports. Read this | Mint Primer | China’s stimulus: What it spells for India & the world A growing economy like India’s naturally requires more imports to meet rising consumption and manufacturing demand, with cost …

Will govt put top fertilizer companies on the block next year?
7 months ago

Will govt put top fertilizer companies on the block next year?

Live Mint  

The Centre plans to revive the strategic sale of state-owned fertilizer companies beginning next fiscal year, two people aware of the matter said, even as it works to boost domestic production and reduce imports. The eight fertilizer PSUs are Brahmaputra Valley Fertilizer Corp. Ltd, Fertilizers and Chemicals Travancore, FCI Aravali Gypsum and Mineral Ltd, Madras Fertilizers Ltd, National Fertilizers Ltd, …

Punjab using 76% more fertiliser per hectare than national average: Govt in Rajya Sabha
7 months, 3 weeks ago

Punjab using 76% more fertiliser per hectare than national average: Govt in Rajya Sabha

Hindustan Times  

Average consumption of fertilisers at the all-India level stood at nearly 140 kg per hectare during 2023-24, while the consumption in Punjab was 247.61 kg per hectare, the government said on Tuesday. India imported 18.65 lakh tonne urea and 22.58 lakh tonne phosphatic and potassic fertilisers from China during 2023-24, the government added. In a written reply in Rajya Sabha, …

India Should Think About Receiving Chinese Investments
8 months ago

India Should Think About Receiving Chinese Investments

Deccan Chronicle  

Chennai: In order to boost Indian manufacturing and plug India into the global supply chain, it is inevitable that India plugs itself into China's supply chain. It is increasingly seen that emerging economies are introducing import restrictions on Chinese goods while accelerating a push for free trade elsewhere to protect their domestic manufacturers due to the threat of China’s overcapacity. …

Up 2.3 times in 15 years, India’s Chinese import bill to rise further
11 months ago

Up 2.3 times in 15 years, India’s Chinese import bill to rise further

The Hindu  

India’s imports from China crossed $101 billion in 2023-24 from about $70 billion in 2018-19, and the country’s share of India’s industrial goods imports has risen from 21% to 30% over 15 years, according to a report by the Global Trade Research Initiative which reckoned that Chinese imports will rise sharply in coming years. Goods imports from China have risen …

Increasing crop yield will help ease imports
11 months ago

Increasing crop yield will help ease imports

China Daily  

China's grain yield will grow at an annual pace of 1.1 percent over the coming decade as hunger rises worldwide, enabling the world's largest food importer to buy significantly less from overseas, according to a report released on Saturday. The country's annual crop output is projected to reach 704 million metric tons this year and top 766 million tons by …

Explained: How India can achieve self-sufficiency in pulse production
11 months, 1 week ago

Explained: How India can achieve self-sufficiency in pulse production

Hindustan Times  

India's need to import pulses arises from various factors within its agricultural domain. Finally, importing pulses allows for greater variety in types and quality as India seeks to improve its pulse production. Graph 3: Crop-wise production of pulses Graph 3: Crop-wise production of pulses Over the years, India's pulse imports have surged, driven by the widening gap between production and …

Why India Isn’t the New China
1 year, 2 months ago

Why India Isn’t the New China

Live Mint  

China’s economy is struggling, but another Asian giant, neighboring India, is suddenly squarely on investors’ and manufacturers’ radar. India’s age-dependency ratio—a measure of the burden of child and elderly care on households—has fallen to 47 in 2022 from 82 in 1967, according to the World Bank. Only a third of India’s female working-age population was in the labor force in …

Walmart cutting imports from China and shifting towards India: Report
1 year, 3 months ago

Walmart cutting imports from China and shifting towards India: Report

Op India  

The world’s largest retailer, Walmart, is increasingly turning towards India for imports while reducing its dependence on China. As per a Reuters report, the data from Import Yeti revealed that between January 2023 and August 2023, 25 per cent of US imports were from India. In May 2023, Walmart’s Chief Executive Officer Doug McMillon met India’s Prime Minister Narendra Modi …

How India is building self-reliance in pulses
1 year, 4 months ago

How India is building self-reliance in pulses

Live Mint  

The Union government is crafting a scheme to boost domestic production of pulses with a focus on select states, at a time when erratic weather and more remunerative crops have prompted many farmers to shift away from the kitchen staples. “The government believes that pulses’ growers are fully capable of replicating the production reported in 2016-17 for tur and further …

Russian sellers stop fertiliser discounts to India amid tighter global supplies: Report
1 year, 6 months ago

Russian sellers stop fertiliser discounts to India amid tighter global supplies: Report

India Today  

Russian companies have ceased offering fertiliser such as di-ammonium phosphate to India at discounted prices due to tightening global supplies after becoming the biggest suppliers to the country last year, three industry sources told Reuters. The move in August by Russian companies to instead offer fertilisers at market prices could increase India's import costs and subsidy burden amid a rally …

India’s H1 trade with China declines amid slowdown
1 year, 8 months ago

India’s H1 trade with China declines amid slowdown

The Hindu  

India’s trade with China declined in the first half of 2023 after more than two years of record growth, part of a broader slump in China’s trade performance that has underlined a sharp slowdown in the world’s second-largest economy Two-way trade reached $66.02 billion in the first half, data from China’s General Administration of Customs showed on Thursday. India’s imports …

India’s Jan.-April imports from China rise 4.6% to $37.86 billion
1 year, 9 months ago

India’s Jan.-April imports from China rise 4.6% to $37.86 billion

The Hindu  

India’s imports of Chinese goods have continued to rise in 2023, growing 4.6% in the first four months of the year to cross $37.86 billion. Two-way trade climbed 4.5% from the year-earlier period to reach $44.34 billion at the end of April, data from China’s General Administration of Customs showed. In the first four months of the year, China’s trade …

India to ship grains to Indonesia, Nepal, Senegal, Gambia
1 year, 10 months ago

India to ship grains to Indonesia, Nepal, Senegal, Gambia

Live Mint  

New Delhi: India will despatch around 1.05 million tonnes of food grains to Nepal, Indonesia, Senegal and Gambia as part of its economic diplomacy in the current financial year, waiving curbs on exports. In what is likely to add heft to India’s role in providing food security on the global stage, the department of food and public distribution has allowed …

India-US Trade Camaraderie Stronger Than Before Amid Persistent Chinese Deficit Pinch
1 year, 11 months ago

India-US Trade Camaraderie Stronger Than Before Amid Persistent Chinese Deficit Pinch

News 18  

The United States has emerged as India’s top trade partner for the second consecutive year, tying up China to the second rank. Strategic and foreign trade experts see the trade numbers as a small but significant move towards decreasing India’s reliance on Chinese imports; a move they feel was urgently required given New Delhi’s overdependence on Chinese imports, its persistent …

Nano-urea will help India save ₹15-20k cr, claims govt
1 year, 11 months ago

Nano-urea will help India save ₹15-20k cr, claims govt

Live Mint  

With the production of 170 million bottles of nano urea, around ₹15,000-20,000 crore could be saved on urea imports, Union fertilizer secretary Arun Singhal said. If 25% replacement achieved, the production of indigenous local urea containing nanoparticles of urea or nano urea would be 5 million tonnes by 2025. India spent $5.1 billion to import 8.1 million tonnes urea in …

India likely to continue curbs on wheat, rice exports
2 years, 1 month ago

India likely to continue curbs on wheat, rice exports

Hindustan Times  

India may extend its ban on wheat exports beyond March and continue curbs on overseas shipments of non-premium varieties of rice to cool local prices and expand the government’s purchases of cereal stocks, which are at their lowest level in five years, two people familiar with the development said. The government banned wheat exports in May last year as overseas …

India's focus should be on reducing dependence on China: NITI Aayog as import increases by 21.7%
2 years, 1 month ago

India's focus should be on reducing dependence on China: NITI Aayog as import increases by 21.7%

India TV News  

As India's import to China has increased by more than 21%, the apex public policy think tank of the Government of India, opined that New Delhi should not only focus on reducing overall trade with Beijing but it should be on reducing New Delhi's dependence on Beijing for certain critical inputs. Speaking to the news agency PTI, National Institution for …

Data | From 5% to 15%, China’s share in India’s imports tripled in last two decades
2 years, 2 months ago

Data | From 5% to 15%, China’s share in India’s imports tripled in last two decades

The Hindu  

In 2022, India’s imports from China touched a record high, while exports to China fell to a five-year low. Its share in total exports has decreased from about 7% in 2020 to 3.4% in 2022, a level last seen in 2016 Most exported items The chart shows the 20 most exported goods by India to China in the past three …

Chinese import surge hits at ‘Make in India’
2 years, 2 months ago

Chinese import surge hits at ‘Make in India’

Hindustan Times  

The government is alarmed by a surge in imports of Chinese finished goods such as electrical machinery, furniture, medical instruments, and implements, including kitchen cutlery, spoon and forks worth billions of dollars, which negates its strategy of Aatmanirbhar Bharat initiative, two officials aware of the development said. While imports of raw materials and intermediaries from China are “good imports” as …

India’s imports from China reach record high in 2022, trade deficit surges beyond $100 billion
2 years, 2 months ago

India’s imports from China reach record high in 2022, trade deficit surges beyond $100 billion

The Hindu  

January 13, 2023 11:00 am | Updated 11:54 am IST - Beijing India’s bilateral trade with China reached a record $135.98 billion in 2022, Chinese Customs data showed on January 13, 2023, driven by surging Indian imports of Chinese goods that were up by more than 21% last year. India’s exports to China, however, fell in 2022, driving an already …

India set to sign deals to secure fertiliser imports
2 years, 2 months ago

India set to sign deals to secure fertiliser imports

Hindustan Times  

India is on the verge of signing long-term deals with several countries to secure fertilizer imports, critical for food security amid increasing geopolitical uncertainties, a government official said, requesting anonymity. India is moving towards self-sufficiency in urea, the official said, while the country is preparing to diversify away from countries such as China and Russia to source non-urea DAP fertilisers, …

Budget may seek to curb China imports
2 years, 3 months ago

Budget may seek to curb China imports

Live Mint  

The Budget may announce steps to reduce India’s import dependence on China through various tariff and non-tariff measures, pursuing its strategy of Atmanirbhar Bharat in a “calibrated” manner, two officials aware of the matter said. Indian companies and government departments have raised red flags over the import of more than 100 Chinese products including polyester yarn, optical fibre, solar cells, …

China's iron ore traders seek low-cost Indian supplies as steel margins slump
2 years, 4 months ago

China's iron ore traders seek low-cost Indian supplies as steel margins slump

The Hindu  

China is set to snap up significant volumes of low-grade Indian iron ore in coming weeks, as Chinese steelmakers seek out cheaper raw materials to cope with meagre profits, said traders and analysts. "We are looking to resume buying from India after six months of suspension," said a Shanghai-based iron ore trader who booked some cargoes of Indian pellets for …

India aims to end urea imports from 2025; pegs FY23 fertilisers subsidy at $27.2 billion
2 years, 4 months ago

India aims to end urea imports from 2025; pegs FY23 fertilisers subsidy at $27.2 billion

The Hindu  

India aims to end imports of urea from 2025 as the nation boosts its local production capacity with the commissioning of new plants, fertilisers minister Mansukh Mandaviya said on Wednesday. Plants at Gorakhpur in northern state of Uttar Pradesh, Ramagundam in southern Telangana, and at Talcher, Barauni and Sindri in eastern India, would together produce 6.5 million tonnes of urea …

India’s imports from China surge to record high in first nine months of year
2 years, 5 months ago

India’s imports from China surge to record high in first nine months of year

The Hindu  

India’s imports from China have risen 31% for the nine months ended September, propelling two-way trade past $100 billion and the trade deficit to a record high. India’s exports to China in the first nine months of this year were, however, down by as much as 36.4% at $13.97 billion, data from China’s General Administration of Customs showed. India’s imports …

India’s rice export ban to further strain global good supplies
2 years, 6 months ago

India’s rice export ban to further strain global good supplies

Live Mint  

India banned exports of broken rice and levied a tax on other key varieties in a move that would add to global inflationary pressure and exacerbate food supply pains caused by the war in Ukraine. Global buyers are depending on India—the world’s top rice exporter—to shore up food supplies since Russia invaded Ukraine, a major wheat grower, which roiled global …

India-China trade deficit widens, imports rise by 29 pc in 5 years: Centre
2 years, 8 months ago

India-China trade deficit widens, imports rise by 29 pc in 5 years: Centre

Live Mint  

Despite continuous disputes between India and China on several issues, India is unable to curb its imports from Beijing. In the ongoing Lok Sabha session, Union Minister of State for Commerce and Industry Anupriya Patel informed that India's total imports from China increased by nearly 29 percent in the past five years. On whether the Government is taking measures to …

Chinese exports to India go up, Indian exports fall sharply in 2022: China data
2 years, 8 months ago

Chinese exports to India go up, Indian exports fall sharply in 2022: China data

Hindustan Times  

BEIJING: Trade between India and China stood at $67.08 billion in the first six months of 2022, rising by 16.5% compared to the same period the year before, latest data from China’s General Administration of Custom showed on Wednesday. While total trade between India and China was $125 billion in 2021, a record high, the deficit between the two countries …

Record surge in India’s imports from China in first half of 2022
2 years, 8 months ago

Record surge in India’s imports from China in first half of 2022

The Hindu  

India’s imports from China reached a record $57.51 billion in the first half of the year, according to China’s trade figures released on July 13. Imports of Chinese goods are on track for yet another record year, and set to surpass last year’s $97.5 billion figure. The trade imbalance is also on track for another record, with India’s exports to …

Why rice exports may be next on list after wheat amid global supply risk
2 years, 8 months ago

Why rice exports may be next on list after wheat amid global supply risk

Live Mint  

Rice production is under threat in parts of Asia from higher fertilizer costs at a time when demand is increasing, posing a potential risk to food security and efforts to contain inflation. Crop yields may decline in Thailand, the world’s second-largest exporter, because of elevated prices for crop nutrients, according to a research unit of Kasikornbank Pcl, while in the …

India asked to supply more than 1.5 million tonnes wheat
2 years, 9 months ago

India asked to supply more than 1.5 million tonnes wheat

Live Mint  

India has received requests for the supply of more than 1.5 million tonnes of wheat from several countries that need the staple to overcome shortages triggered by the invasion of Ukraine by Russia, trade and government sources said on Monday. "More than half a dozen countries have approached India for more than 1.5 million tonnes of wheat and we will …

India’s wheat supplies for food schemes will be tight, data show
2 years, 10 months ago

India’s wheat supplies for food schemes will be tight, data show

Hindustan Times  

New Delhi: India’s federally-held wheat stocks in 2022-23 are set to dip to a 13-year low, barring 2016-17, and the government’s own purchases will be the lowest in 15 years. According to food secretary Sudhanshu Pandey, the country’s opening stocks of wheat was 19 million tonne, lower than last year’s balance of 27.3 million tonne. “So, if you total up, …

India open to exporting wheat to needy nations despite ban
2 years, 10 months ago

India open to exporting wheat to needy nations despite ban

Associated Press  

NEW DELHI — India on Sunday said it would keep a window open to export wheat to food-deficit countries at the government level despite restrictions announced two days earlier. Subrahmanyam told reporters the government will also allow private companies to meet previous commitments to export nearly 4.3 million tons of wheat until July. He said India’s wheat production this year …

As Black Sea supplies fall, India sells record 1.4 million tonnes wheat in April
2 years, 10 months ago

As Black Sea supplies fall, India sells record 1.4 million tonnes wheat in April

The Hindu  

India exported a record 1.4 million tonnes of wheat in April, four trade sources said, providing some relief to grain markets as buyers scramble for alternatives to Black Sea supplies hit hard by the war in Ukraine. India, the world's second biggest wheat producer, exported a record 7 million tonnes of the grain in fiscal 2021-22. As supplies dropped from …

The ripple effects of the global fertilizer crisis on India
2 years, 11 months ago

The ripple effects of the global fertilizer crisis on India

Live Mint  

NEW DELHI : The indifference in Ashok Danoda’s conversations is instantly palpable. “Today’s high fertilizer prices could lead to lower fertilizer use next season and possibly beyond, with the real prospect of a drop in food productivity leading to even higher food prices," Dongyu said. One overarching theme that is playing out globally is elevated crop prices which are at …

India's wheat exports hit record 7.85 million tonnes in 2021-22
2 years, 11 months ago

India's wheat exports hit record 7.85 million tonnes in 2021-22

News 18  

India’s wheat exports hit 7.85 million tonnes in the fiscal year to March, an all-time high and a sharp increase from 2.1 million tonnes in the previous year, traders said, as Russia’s invasion of Ukraine cuts off rival Black Sea supplies. Earlier this month, a top government official said India would export a record 7 million tonnes of wheat in …

Booming wheat exports from India to help ease global shortage
3 years ago

Booming wheat exports from India to help ease global shortage

Live Mint  

In a world where people are concerned more than ever about food shortages and rising inflation, India’s warehouses are brimming over with grain and the country’s farmers are gearing up for yet another record harvest. “Indian wheat exports help the market in a tight world supply situation,” said Vijay Iyengar, chairman and managing director of Singapore-based Agrocorp International, which trades …

India to boost wheat exports to fill void left by Ukraine conflict
3 years ago

India to boost wheat exports to fill void left by Ukraine conflict

Live Mint  

Egypt, Israel, Oman, Nigeria and South Africa have approached India to secure wheat supplies, two government officials said, as the Russia-Ukraine conflict entered its fourth week, threatening a global food crisis. High freight rates and a shortage of shipping containers could hold up India’s attempts to expand exports, according to some government officials Russia and Ukraine export nearly one-third of …

Watch | Why are India’s imports from China rising?
3 years, 1 month ago

Watch | Why are India’s imports from China rising?

The Hindu  

In the wake of COVID-19 and the subsequent disruption to supply chains, many countries, including India, have spoken of the need to reduce reliance on China. India’s trade with China in 2021 reached $125.6 billion. India’s imports from China accounted for $97.5 billion, while exports reached $28.1 billion, both records. India’s biggest imports are: electrical and mechanical machinery a range …

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