Month: February 2023

Feb 19

Ragi to riches: India’s new millet campaign is about how the grain is good for people and planet

India has globally relaunched an old and failed brand — the millet. Called mota anaj (big grain), millet has been looked down upon as a coarse grain while wheat and rice have occupied pride of place as fine grains. New Delhi’s campaign to make millet a global brand has got a push with the United Nations accepting India’s proposal to declare 2023 as the International Year of Millets. The cereal has been gaining traction among the health-conscious in India and Read Full Details…

Feb 18

Battery metals outlook: How can Africa leverage demand?

The growing adoption of electric vehicles is driving a rapidly increasing demand for rechargeable batteries and their input commodities – including lithium, cobalt, graphite, manganese. Director of Mining at Modern Corporate Solutions PETER MAJOR gives HLENGIWE MOTAUNG a forecast for the short and long-term future of battery metals into the year 2030. Major starts by saying that, as the demand for battery metals increases, Africa needs to equally gear up for a review and altering of unreasonable policies, and, most Read Full Details…

Feb 18

A by-the-numbers look at lithium, a key commodity for automakers

After decades of subdued interest in lithium, rapidly rising demand and prices have made “white gold” one of the hottest sectors in the mining world. Batteries are a foundational technology in the transition away from fossil fuels. And in order for automakers to electrify their fleets and renewable energy developers to meet their aggressive goals, the world will have to make a lot more of them. At least for now, lithium is in almost every EV battery, and that means Read Full Details…

Feb 18

Industry’s Take On What Global Slowdown Could Mean For Exports

The RBI says global slowdown will be milder than earlier anticipated, but its trajectory remains unpredictable. The government has already advised Indian exporters not to let their guard down even though fears of a deep recession settle into a softer territory. A word of caution to exporters with respect to preparing for the slowdown and climate tariffs from other countries has also been sounded by the Ministry of Finance. At a post-budget interaction with industry body Assocham on Wednesday, Finance Read Full Details…

Feb 18

Notification Under S. 5 of FTDR Act Can’t Be Applied Retrospectively To Refuse Advance Authorization To Importer: Delhi High Court

The Delhi High Court has ruled that a notification issued under Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 (FTDR Act), which empowers the Central Government to formulate and announce the foreign trade policy, cannot be applied retrospectively by the Central Government. The bench of Justice Prathiba M. Singh held that once a notification issued under Section 5 of the FTDR Act is quashed by the Court, the same cannot be relied upon by the Directorate General Read Full Details…

Feb 18

Export-Import Bank of India reports standalone net loss of Rs 65.84 crore in the December 2022 quarter

Net Loss of Export-Import Bank of India reported to Rs 65.84 crore in the quarter ended December 2022 as against net loss of Rs 105.70 crore during the previous quarter ended December 2021. Total Operating Income rose 44.74% to Rs 2713.21 crore in the quarter ended December 2022 as against Rs 1874.56 crore during the previous quarter ended December 2021. ParticularsQuarter EndedDec. 2022Dec. 2021% Var.Total Operating Income2713.211874.56 45 OPM %69.78110.65 -PBDT-65.79941.73 PL PBT-65.79941.73 PL NP-65.84-105.70 38Powered by Capital Market – Read Full Details…

Feb 17

Mexico to relax restrictions on GM corn imports

MEXICO CITY, MEXICO — Mexico has announced that it is softening its proposed ban on GM corn imports, reversing course on plans to ban GM corn in animal feed after the United States threatened trade retaliation, Reuters reported. The decision, announced earlier this week, does not impact Mexico’s plan to ban GM corn for human consumption as well as any use of glyphosate, a controversial herbicide that the International Agency for Research on Cancer has labeled as “probably carcinogenic to Read Full Details…

Feb 17

World Trade & Customs Directory 2023: Access to 10,000+ Senior Officials and Working-level Decision-makers Across the WTO, WCO, European Union, OECD, MERCOSUR, OAS, and NAFTA and APEC

The World Trade & Customs Directory is the world’s only specialized directory of trade and customs officials around the globe. This Directory provides specialized information on government agencies, officials, and institutions throughout the world that regulate trade in goods and services. With its unique organizational charts and extensive directory listings of foreign officials, the World Trade & Customs Directory is an indispensable strategic resource for all international trade practitioners. Its 1,200 pages help you understand and work with governments in Read Full Details…

Feb 17

Imports and Exports of Copper Semis Slumped in January due to CNY holiday

SMM expects that China’s copper semis imports in January to have fallen 33.41% MoM and 47.41% YoY to 22,000 mt. Exports are estimated to stand at 31,500 mt in January, down 36.18% MoM, and down 55.82% YoY. We believe that the sharp month-on-month drop in copper semis imports in January was due to the CNY holiday. According to customs data, the total import volume of copper rods and copper wires from January to December 2022 was 142,100 mt, a significant Read Full Details…

Feb 17

India’s soymeal exports to soar as drought trims Argentine supply

Soymeal exports from India are increasing sharply as drought has hit output from top exporter Argentina, with 500,000 tonnes likely to be shipped from the South Asian country in February and March combined, three exporters said. The drop in Argentina’s output has driven up the South American producer’s prices, making Indian soymeal more competitive. India’s exports in the first four months of the 2022/23 marketing year, which began on Oct. 1, surged 65% to 631,000 tonnes, nearly matching the 644,000 Read Full Details…