India’s basmati rice exports hit by Strait of Hormuz blockade
India’s basmati rice exports have faced a severe downturn as tensions in the Middle East disrupt shipping through the Strait of Hormuz, a vital global trade route. The crisis comes amid ongoing conflict involving the United States, Israel, and Iran, which has greatly impacted maritime movement. The Strait of Hormuz handles a large portion of […]
Government Authorizes Export of 99,150 Metric Tons of Onions to 6 Countries
On Saturday, the central government announced that it has permitted the export of 99,500 tonnes of onions, primarily procured from Maharashtra, to six neighbouring countries, including Bangladesh, UAE, Bhutan, Bahrain, Mauritius, and Sri Lanka notwithstanding the embargo on shipments. Amidst a ban on onion exports aimed at ensuring ample domestic availability, this decision arises due […]
India Removes Export Restrictions on Essential Commodities in Maldives
India has agreed to supply essential commodities to Maldives in response to the island nation’s appeal. The government is set to export various essential goods, including eggs, potatoes, onions, rice, wheat, flour, sugar, dal, stone aggregate, and river sand to Maldives during the 2024-2025 period under the bilateral trade agreement between the two governments. Typically, […]