IMPORT QUOTA
India, US negotiating on wide range of trade concerns: Congressional report
"The United States and India are negotiating on a wide range of trade concerns, including greater access to the Indian market for US agricultural products, potentially in exchange for US restoration of India's eligibility under GSP. The current status of the negotiations has not been disclosed," the latest report by independent Congressional Research Service (CRS) said.
Chana dal and tur future prices fall below minimum support price
Chana dal, which was selling at Rs 72/kg, is now selling at Rs 60/kg. The Ma...
China's 'shadow trade war' threatens Australia
Biting new Chinese trade tariffs have stoked fears that Australia's virus-weakened economy is ...
Why oil prices are only going in one direction
Cold winter weather may help to support fuel demand, but little of that will be in the form of oil.
Oil prices little changed ahead of China GDP data
Brent rose 0.2% last week while WTI gained 0.7%, after crude and oil product inventories in the United States, world's top oil consumer, fell last week. However, last week's discussions at a panel of officials from the Organization of the Petroleum Exporting Countries Russia and allies, a group known as OPEC+, showed that the oil market's outlook is gloomier than a month ago.
Ex-mill tur dal prices touch Rs 100 per kg in Karnataka, Maharashtra
Maharashtra-based pulsez processor Nitin Kalantry said, "Tur prices rose to Rs 90/kg during lockdown, which later corrected to Rs 82/kg. However, now they have started spiralling upward again. Pulses prices are likely to shoot up after October 5, when an uptake in demand for pulses is expected due to festival season demand."
Traders object to govt's recent decision to advance last date of urad import, decrease in duty on masoor
Traders said the latest change in import policy for urad (black matpe), which advanced the last date of import by six months to August 2020 from March 2021, led to a sharp increase in international prices because Indian buyers were left with a smaller window for imports.
Commerce ministry cuts import quota for green peas
Last year, the quota for import of yellow and green peas was 1.5 lakh tonne. According to a trade public notice of the Directorate General of Foreign Trade (DGFT), there is no quota for import of yellow peas for the current fiscal.
India's 2020-21 pulses import may fall by 50% if government doesn't extend import quotas, says IPGA
As Indian government struggles to support the domestic pulses farmers who are getting non-remunerative prices due to the second consecutive year of bumper production, trade body Indian Pulses and Grains Association (IPGA) has claimed that large scale smuggling of pulses from neighbouring countries is hurting the interests of domestic farmers and traders.
India calls for diversification of export basket for sustainable trade with Indonesia
He said the balance of trade is heavily in favour of Indonesia and both countries need to work towards establishing sustainable trade by diversifying the export basket.
Govt takes a few decisions to control food inflation
The government has decided to double the import quota of tur from 2 lakh tonnes to 4 lakh tonnes.
Pulses import quota for processors likely to be raised
The additional quota can be over 7-8 lakh tonne for tur only, said a trader in Delhi.
Pulses traders demand ban on import quota in 2018-19
Domestic prices of most pulses such as tur, moong and chana, which are being currently harvested, are ruling below the MSP levels, leading to continuing farmer unrest in the growing areas.
Japan fails to meet rice import quota for first time
Japan said on Friday it had failed for the first time in the last fiscal year to fulfil its international obligations on importing rice due to soaring prices.
Russia mulls poultry, pork import quota cuts
Russia could cut poultry and pork import quotas by hundreds of thousands of tons, Agriculture Minister Alexei Gordeyev said on Wednesday, according to the ITAR-Tass news agency.
