India’s merchandise exports fell 4.83% to $32.11 billion in November while the import bill jumped 27% to a record high of almost $70 billion, as per data released by the Commerce Ministry. This is the third time in four months that India’s import bill has hit a record high, but November’s tally surpasses the last two occasions by a wide …
The current volume is 66pc below the levels expected for this time of year. Vessels coming from Asia are instead sailing around South Africa and the Cape of Good Hope, a detour that takes seven to 20 days longer. Tesco’s Murphy said on Thursday: “If they do have to go the whole way around Africa to get to Europe, it …
India's palm oil imports could drop by nearly a fifth as now cheaper soyoil takes more market share, following Indonesia's curbs on palm oil exports and New Delhi allowing duty-free imports of soyoil, dealers said. Palm oil imports by the world's biggest vegetable-oil importer in its marketing year ending on October 31 will fall 19% to 6.7 million tonnes, the …
