Export & Import

India hikes import duty on edible oil

India hikes import duty on edible oil Our bureau New Delhi, Jan 9: Indian cabinet today raised import duty on refined edible oil (mostly palm and soyabean) to 10%  from 7.5% , the food minister KV Thomas said today. The duty on crude edible oil will stay unchanged at 2.5%[…]

India’s Bids for fresh round of wheat exports get bid above $ 282 per tonne

India’s fresh round of wheat exports gets bid beyond $ 282 per tonne Our bureau New Delhi, Jan 8: Indian government owned trading firm STC has received six bids for its tender to export 1.60 lakh tonne of wheat from Food Corporation of India (FCI)’s excess stocks, with the highest[…]

Onion minimum exports prices reduced further for boosting exports potential

Onion minimum exports prices reduced further for boosting exports potential Our bureau New Delhi, Jan 6: Indian government had further reduced minimum export price (MEP) of onion to $ 150 a tonne from $ 350 to boost shipments and check sharp fall in domestic prices that has led to farmers[…]

onions

Indian Govt cuts onion minimum exports price by more than half for boosting export

Indian Govt cuts onion minimum exports price by more than half for boosting export Our bureau New Delhi, Dec 20: The Indian government yesterday reduced minimum export price (MEP) of onion to $ 350 per tonne from $ 800 per tonne in a bid to curve the sharp drop in[…]