India does not have enough surplus stocks of foodgrains for Exports in the short-term and the country needs to boost its farm production significantly, to meet the expected rise in domestic demand by 2020, a top official of FCI said on Wednesday. "The country has adequate stock of foodgrains to meet our needs...there is not much surplus availability of the food grains for export in the short-term," Food Corporation of...
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EU stings honey Exports
The government today informed Parliament that the European Union (EU) has banned imports of honey from India on account of the presence of heavy metals in the consignments. The EU is the second largest destination for Indian honey Exports after the US. India Exports honey to over 60 nations. India’s honey Exports totalled $32.39 million in 2008-09, a quarter of which went to the EU. “The EU has banned the export of...
More »Asia struggles to boost food output as inflation bites by Naveen Thukral
Asian governments, battling soaring food inflation, are pumping ever more resources into agriculture but will struggle to offset rapidly expanding demand in top consumers China and India. China, stung by consumer prices running at a 25-month peak, has been selling state stockpiles. It has also ordered banks to urgently offer support to farmers, an example of the sort of firepower these governments can deploy. With China and India also in many cases...
More »Ban on export of iron ore upheld
The Karnataka High Court on Friday upheld the State Government's ban on transport and export of iron ore. A Division Bench comprising Chief Justice J.S. Khehar and Justice S. Abdul Nazir passed orders upholding the Government Orders of July 26, 2010, and July 28, 2010, banning transport of iron ore and its export from ten minor ports. Thirty-two companies, including V.S. Lad and Sons, Kumaraswamy Minerals, Sesa Goa and others had challenged...
More »Centre keen on cotton Exports despite industry protests
Despite an outcry from the garment exporters , the government is keen on allowing excess cotton to be exported from the country before the US cotton hits the international market in January and brings prices down. The inter-ministerial committee on cotton will meet end of the month to look at fresh production figures and will take a call on whether the present export cap of 55 lakh should be lifted. “We just...
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