Indias tea exports up by 7% during Apr-Jan 2017-18
The Dollar Business Bureau Tea exports from India recorded a growth of 7% and reached 200.67 million kg during the period April-January of the current fiscal as compared to the same period last fiscal. India’s tea exports stood at 188.10 million kg during the first 10 months of the fiscal 2016-17, as per the data of Tea Board. Among the key importers, CIS (Commonwealth of Independent States) countries such as Russia, Germany, Kazakhstan and Ukraine, the exports fell to 46.92 million kg during said period from 49.63 million kg in the same period of 2016-17. However, exports to Pakistan, China, Egypt and Iran recorded a growth. Tea exports to Pakistan during the 10-month period stood at 12.73 million kg, as against 9.65 million kg in ...
Chinese rebar export offers fall in this week
The Dollar Business Bureau Rebar export offers of China have slightly declined this week after the prices kept going up for past five weeks. Chinese rebar export offers are presently hovering in the price range of $395-400 per MT, free on board (FoB) main port, fall of $6 per MT on week-on-week basis. In the meantime, domestic steel rebar prices in Beijing for 25 mm HRB 400 grade have also declined by $32 per MT (220 Chinese Yuan) within a week and stood at $399 per MT (around 2,740 Chinese Yuan). In Shanghai, the prices of steel rebar of HRB 400 grade material stood at around $413 per MT (2,840 Chinese Yuan), a decline of $25 per MT (170 Chinese Yuan) in the ...
Tea exports increase over 13% during Jan-Mar 2016
The Dollar Business Bureau India’s tea exports have increased 13.2% in terms of value at Rs.982.39 crore during January- March 2016 when compared to Rs.867.86 crore in the same period previous year. In terms of quantity, the tea exports from the country have grown 6.2% at 54.29 million kg in the first three months of 2016 against 51.12 million kg in the corresponding period last year, as per the data provided by Tea Board of India under Union Ministry of Commerce. According to the data, there was 6.59% upsurge in the unit price realisation for tea exports at Rs.180.95 per kg during the three-month period against Rs.169.77 per kg in the same period previous year at all-India level. The maximum tea exports ...
India must get more integrated with South East Asian countries & others
The Dollar Business Bureau Tariff reduction impacts of the proposed Trans-Pacific Partnership (TPP) agreement, in terms of reduction in market access opportunities, will be relatively more on South American non-TPP countries as compared to non-TPP countries of the Association of South East Asian Nations. This is because ASEAN economies are relatively more Integrated through their production networks, said a report. Therefore, India should get more and more integrated to ASEAN +5 (including Australia, China, Japan, New Zealand and South Korea) production networks so as to mitigate the negative impacts of TPP (and another mega regional: Trans-Atlantic Trade and Investment Partnership (TTIP) on its market access. At the same time, this integration to ASEAN+5 production networks should balance India’s need for new employment generation with that of ...
