Govt exempts quantity limit on export of organic- wheat, non-basmati rice, oils, sugar
The Dollar Business Bureau The government has exempted the existing quantitative ceilings, with immediate effect, on the export of certain organic agricultural and organic processed products such as wheat, non-Basmati rice, edible oils and sugar. “Export of organic agricultural and organic processed products i.e. wheat, non-Basmati rice (excluding rice in husk-paddy or rough), edible oils and sugar have been exempted from existing quantitative ceilings and any existing or future restriction/prohibition on export of their basic product (non-organic),” Directorate General of Foreign Trade (DGFT) said in a notification (No.03/2015-2020) on Wednesday. The yearly quantitative ceiling on the exports of organic pulses and lentils has also been enhanced from existing 10,000 MT to 50,000 MT a year, duly certified by Agricultural & Processed Food Products ...
Sluggish growth in Europe slows down Indias exports in August
The Dollar Business Bureau | @TheDollarBiz Uneven growth among major economies and a slowdown in Europe has adversely affected India’s exports in recent months leading to a modest Y-o-Y growth of below 3% in August 2014. According to the Ministry of Commerce, India’s exports stood at around $26.9 billion in August 2014, up about 2.35% from $26.3 billion recorded a year earlier, but down about 2.8% from exports worth $27.7 billion recorded in July 2014. M. Rafeeque Ahmed, President, FIEO Cumulative exports during April – August 2014 of around $134.8 billion is still up about 7.3% from $125.6 billion in the corresponding period last year, but below the 8.62% growth registered for the April-July 2014 period. This does not augur well ...
