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India's steel industry wants 25% duty placed on imports: JSW Steel executive

23 Sep, 2019

NEW DELHI- India's steel industry wants a 25% safeguard duty placed on all steel imports as steel products sourced from countries with whom India has a free trade agreement (FTA) have risen substantially, a senior executive from JSW Steel said on Monday.

"India's imports from FTA partners rose 77% (in the current fiscal)," said Seshagiri Rao, JSW's joint managing director and group chief financial officer.

India, US fail to seal trade deal over differences on import duties

26 Sep, 2019

ICT products make up a minuscule $407 million, out of the $35.54 billion of total inbound shipments from the US, as of now

Illegal imports caused Rs 3.35-lakh cr revenue loss

27 Sep, 2019

The Indian economy took a Rs 3.35-lakh crore hit between 2016 and 2018 due to smuggling of cigarettes, electronics, ready-made garments and capital goods into India. Smuggling in these five key industries led to 48 lakh job losses in these three years, government data obtained by The Federation of Indian Chambers of Commerce and Industry (Ficci) said.

India's palm oil imports could hit record high on rising demand: Analyst

25 Sep, 2019

Higher imports may help support benchmark Malaysian palm oil prices that in July hit their lowest level in nearly four years and are struggling to recover due to weak export demand.

Palm oil imports for the 2019/20 marketing year starting on November 1 will rise to 9.7 million tonnes, said Govindbhai Patel, managing director of trading firm GG Patel & Nikhil Research Company. The imports will rise as edible oil consumption is estimated to grow to a record 23.6 million tonnes.

India’s coal import declines about 4% to 19 million tonnes in July

22 Sep, 2019

Of the total coal imports in July 2019, non-coking coal shipment was at 12.66 MT, coking coal’s was at 4.17 MT, among others

India’s coal import declined by 3.7% to 18.93 million tonnes (MT) in July this year from 19.67 MT in the same month a year ago.

Of the total coal imports in July 2019, non-coking coal shipment was at 12.66 MT, coking coal’s was at 4.17 MT, among others, according to a provisional compilation by mjunction services, based on monitoring of vessels’ positions and data received from shipping companies.

Imports of paper & paperboard up 29.5% in Q1; capacity utilisation drops

26 Sep, 2019

India's imports of paper and paperboard (excluding newsprint) grew by 29.50 per cent in Q1FY20 to $360 million. The development comes at a time, when despite a growing demand in the domestic market, rising imports have reduced paper manufacturers' capacity utilisation to around 75-80 per cent. According to Central Pulp & Paper Research Institute (CPPRI) data, out of 861 paper mills in the country, only 497 are operational, showing the stress in the industry.

India may cut duties on 80% of Chinese imports under RCEP

28 Sep, 2019

India may cut tariffs on 80% of products imported from China under a 16-country free trade agreement.

NEW DELHI: India may cut or eliminate tariffs on 80% of products imported from China under a 16-country free trade agreement, the last round of negotiations for which is underway in Vietnam.

Cement export declines by 13% to $42.15 million: PBS

28 Sep, 2019

Extension of zero export levy heaps pressure on Indonesian palm oil refining

26 Sep, 2019

JAKARTA (Reuters) - Indonesian palm oil groups expect their refining businesses to remain weak until the end of the year following the government’s decision to extend its suspension of export levies, industry officials said.

Indonesia, the world’s biggest palm oil producer, stopped collecting palm oil export levies last December to help protect farmers’ earnings amid low palm oil prices. On Tuesday the government said it will not collect the levies again until Jan. 1, 2020.

S.Korea's export volume falls for 4 months

27 Sep, 2019

SEOUL, Sept. 27 (Xinhua) -- South Korea's export volume fell for four straight months to August due to the weakened global trade, central bank data showed Friday.

The export volume index slipped 5.8 percent in August from a year earlier, continuing to slide since May, according to the Bank of Korea (BOK).

The local currency depreciated versus the U.S. dollar amid the global trade dispute, raising the price competitiveness of domestic exporters.

However, the export volume kept reducing amid the weakened global trade volume.

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