Germany's exports grew to $119.2 bn in April, trade surplus stable
The Dollar Business Bureau Germany’s overall goods exports grew for the fourth straight month to a new high of 106.3 billion euros ($119.2 billion) in the month of April, resulting in a stable adjusted trade surplus. The exports and imports picked up when compared to March, however, the country’s adjusted trade surplus remained unchanged in the month of April, indicating a recovery in Germany’s export trade since the beginning of the year. “Total exports of goods increased for the fourth straight month to a record 106.3 billion euros ($119.2 billion) in April, said Germany’s Federal Statistical Office (Destatis) on Friday, mentioning that the data is being adjusted for seasonal fluctuations and calendar impacts. Import of goods increased by 1.2% to 86.6 billion euros, which ...
Government likely to impose 10% import duty on wheat
The Dollar Business Bureau In a move to curb shipments and settle poor quality grains lying in storage godowns, Government of India is likely to impose 10% import duty on wheat shipments. However, the decision is yet to be taken based on the consultations with the concerned ministry and departments. Currently there is no import duty on wheat imports. The traders and flour millers are importing grains on lower price, due to lack of availability of high-quality stock in domestic markets. Imports are on rise despite the bumper domestic wheat output in the 2014-15 crop year, and surplus stocks with the Food Corporation of India (FCI) in their storage godowns. The government’s move in this regard will definitely come as a help to ...
