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India's oilmeal exports to China surged over 20-fold to 7.79 lakh tonnes in the first eleven months of this fiscal, following higher demand due to lower prices compared to competitors, according to industry body SEA data. Solvent Extractors' Association of India (SEA), however, said the exports could face a challenge going forward. India exported 7,79,016 tonnes of oilmeals, mainly rapeseed meal, to China during April 2025-February 2026 against 38,240 tonnes in the corresponding period of the preceding financial year. China imported 7,71,435 tonnes of rapeseed meal and 7,581 tonnes of castorseed meal during the first eleven months of this fiscal. SEA Executive Director BV Mehta attributed the surge in exports to competitive pricing against European suppliers. Indian rapeseed meal is currently priced around USD 225 per tonne (FOB/FAS Kandla), making it cheaper than rapeseed meal Hbg ex-mill at USD 297 per tonne, he said. "In March 2025, China imposed a 100 per cent tariff on Cana
The Bharat Chamber of Commerce (BCC) wrote to RBI Governor Sanjay Malhotra, urging supportive banking measures for exporters reeling under disruptions in global logistics and shipping routes caused by ongoing tensions in West Asia. In a letter on Monday, it said West Asia serves not only as a key destination for Indian exports but also as a critical transhipment hub for shipments bound for Europe and Africa. "The ongoing situation has led to diversion of shipping routes, port congestion, higher freight and insurance costs, and extended transit periods, straining working capital cycles and liquidity positions of exporters," it said. The BCC urged RBI to encourage banks to adopt a supportive credit approach by enhancing working capital limits, providing ad-hoc credit facilities, and extending the tenure of pre-shipment and post-shipment export credit. Greater flexibility in rollover of packing credit and extension of due dates for export bills was also sought. It also requested ...
India's gem and jewellery exports witnessed a 5.79 per cent on-year decline in January to USD 2,238.54 million amid global trade headwinds and tariff-related pressures in key markets, the Gem and Jewellery Export Promotion Council (GJEPC) said on Friday. The overall exports stood at USD 2,376.02 million in January 2025, for the same period of the previous year, GJEPC said in a statement. However, overall exports remained steady during the April 2025-January 2026 period with a marginal decline of 0.64 per cent at USD 23,185.87 million, as compared to USD 23,334.73 million for the same period of the previous year. The export outcome was significantly influenced by a sharp contraction in shipments to the United States, India's largest gem and jewellery export destination, where exports declined by over 45 per cent due to elevated tariffs and pricing disadvantages. Meanwhile, India has successfully diversified its export markets, and during April 2025 - January 2026, exports to the Uni
India's imports from China have declined in multiple sectors such as fertilisers, chemicals, iron and steel and man-made yarn in 2024-25, Parliament was informed on Friday. In a written reply to the Rajya Sabha, Minister of State for Commerce and Industry Jitin Prasada said mobile phone imports have decreased from Rs 48,609 crore in 2014-15 to Rs 3,710 crore in 2024-25. On the other hand, the export of mobile phones has increased from Rs 1,566 crore in 2014-15 to more than Rs 2,05,017 crore in 2024-25. "In 2024-25, a decline in imports from China was observed across several sectors compared to the previous year. For example, imports fell sharply in fertilisers (61.4 per cent), followed by residual chemicals and allied products (19.7 per cent), iron and steel (10.3 per cent), and man-made yarn (9.5 per cent)," he said. He added that the government encourages Indian business establishments to explore alternative suppliers and to diversify their supply chains to reduce dependency on .