Gold imports surge in May on revenge buying

However, trade sources and economists expect demand to rationalise amid high inflation. By quantity also, imports in May are estimated at 100-plus tonnes as against 28.5 tonnes in April.

published on : 16th June 2022

'Cut tea drinking by 1-2 cups': Pakistan minister's request in bid to reduce import bill

Pakistan's Federal Minister for Planning made the appeal after the federal budget document for the last fiscal year showed a Rs 13 billion increase in tea imports from the year before that.

published on : 15th June 2022

India's palm oil imports dip 33 per cent in May: SEA

The import of RBD palmolein rose sharply to 1 lakh tonnes from 2,075 tonnes, while that of crude palm kernel oil (CPKO) declined to 4,265 tonnes from 11,894 tonnes in the said period.

published on : 14th June 2022

Steel industry seeks government intervention to check coking coal price 

At the current price range, the industry expert said, the cost of coking coal alone in steel making is around Rs 28,000 to Rs 30,000 per tonne, which works to about 40-45 per cent of production cost.

published on : 12th June 2022

India to ramp up coal output to reduce dependence on imports: Moody's Investors Service

The government has recently mandated CIL to import coal as an emergency measure to avoid a shortage of coal for the country's power utilities and build up buffer stock

published on : 7th June 2022

Oil imports from Russia likely to go up by 20 per cent in June

Imports of Russian crude by India are likely to grow by 20% month-on-month to 1.05 million barrels per day (bpd) in June, as per the data compiled by commodity analysts Kpler. 

published on : 4th June 2022

Decline in coal imports in FY'22 on account of less buying by power sector: Centre

Coal imports that had touched 248 million tonnes in FY'20 dropped continuously during the next two financial years to 215 MT in 2020-21 and 209 MT in 2021-22.

published on : 2nd June 2022

Sri Lanka to receive 65,000MT of urea from India

Sri Lanka is aiming to boost its agriculture sector to avoid any disruption in the agriculture market following the drop in the paddy cultivation in the Maha session.

published on : 14th May 2022

Vegetable oil imports fall 13% in April 

Imports of vegetable oils, comprising edible and non-edible, have fallen 13% to nearly 9.12 lakh tonne during April, shows industry data.

published on : 14th May 2022

Russian isolation won't spark 'acute' oil supply crunch: IEA

After supply fell by nearly one million barrels per day in April, losses could widen to three million barrels per day in the second half of the year, the agency said.

published on : 12th May 2022

India, Oman to hold meeting to boost economic ties on Wednesday 

The meeting would be co-chaired by Commerce and Industry Minister Piyush Goyal and his Omani counterpart. 

published on : 10th May 2022

Centre’s push for alternative fuels to help change Nizamabad’s fortunes?

Sources said the Centre has decided to blend as much as 30 per cent of ethanol in petrol by October in comparison to the 10 per cent allowed currently. 

published on : 6th May 2022

Russia pounds Ukraine, targeting supply of Western arms

The flurry of attacks over the past day comes as Russia prepares to celebrate Victory Day on May 9, marking the Soviet Union's defeat over Nazi Germany.

published on : 4th May 2022

Exports up 24 per cent to USD 38 billion in April

The trade deficit in April 2022 widened to USD 20.07 billion as against USD 15.29 billion in the year-ago period, it said.

published on : 3rd May 2022

China's March exports grow despite virus; imports flat 

Exports rose to $276.1 billion despite anti-virus controls in Shanghai and other industrial centers that are causing factories to reduce production.

published on : 13th April 2022
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