Month: March 2023

Mar 08

Japan runs record current account deficit in January

TOKYO (Reuters) -Japan logged its largest current account deficit ever in January as a combination of global slowdown and China’s Lunar New Year holidays undermined the country’s ability to earn from trade. The trade balance, a part of the current account, also hit a record deficit. The current account deficit, at 1.98 trillion yen ($14.43 billion), was more than double a median market forecast of 818.4 billion yen. It was the biggest on record, the government said, reporting the figures Read Full Details…

Mar 07

Challenges in Chapter – Live Animals Export-Import Worldwide

Live animal trade is a significant business globally, with millions of animals being traded every year. The trade of live animals includes breeding stock, pets, zoological specimens, and livestock for meat and dairy production. While this trade can be lucrative, it also poses several challenges that must be addressed to ensure the welfare of the animals and compliance with regulations. In this article, we will discuss the challenges in live animal export-import worldwide in foreign trade laws, customs regulations, trade Read Full Details…

Mar 07

The Top International Buyers And Countries Of Gems And Jewelry

Gems and jewelry have been valued for their beauty and rarity for thousands of years. Today, the global market for these luxury items is worth billions of dollars, with international trade playing a crucial role in the industry’s success. In this article, we will explore the top international buyers and countries of gems and jewelry, examining the key factors driving demand and the implications for the industry.Top International Buyers of Gems and Jewelry. The United States is the world’s largest Read Full Details…

Mar 07

Finding top international buyers of gems and jewelry and identifying new demand in different countries

Finding top international buyers of gems and jewelry and identifying new demand in different countries requires some research and analysis. Here are some steps you can follow: Conduct market research: Research the global gems and jewelry market to identify the top buyers and the latest trends in different countries. You can use market research reports, industry publications, and online databases to gather information. Attend international trade shows: Attend international trade shows related to gems and jewelry to meet potential buyers, Read Full Details…

Mar 07

Global food prices decline further in January, cereal supplies still “likely to tighten,” says FAO

The benchmark index of international food commodity prices declined in January for the tenth consecutive month, the Food and Agriculture Organization of the United Nations (FAO) has revealed. The FAO Food Price Index averaged 131.2 points in January, 0.8% lower than the previous month and 17.9% below its peak in March 2022. The index tracks monthly changes in the international prices of commonly-traded food commodities. The price indices for vegetable oils, dairy and sugar drove the January decline, while those Read Full Details…

Mar 07

Global Onion market – which countries increased their imports and exports the most in 2022?

According to EastFruit analysts, onions remain the most sought-after position in the global vegetable trade, and onion prices in many countries have broken records and continue to grow. The question “where to buy onions” remains very popular in the search, leading to unconventional sales transactions. Also, many countries have introduced an export ban, which further exacerbated the situation. We wrote about the reasons for this many times. We advise you to read our January onion longread here. Given the high Read Full Details…

Mar 06

The Top 5 Most Demanded Commodities in the World

Commodities are the raw materials that are essential for the functioning of modern economies. They are the backbone of many industries and are used to manufacture a wide range of products that we use in our daily lives. While there are many different types of commodities, some are more in demand than others. In this article, we will explore the top 5 most demanded commodities in the world. Crude OilCrude oil is the most demanded commodity in the world, with Read Full Details…

Mar 06

Global Demand of Lithium and Cobalt for Electric Vehicles and Future Business scope in India

Electric Vehicles (EVs) have emerged as a key solution to reduce carbon emissions and mitigate climate change. The global demand for Lithium and Cobalt, two essential components of the batteries that power EVs, has been on the rise in recent years. With the increase in the production and adoption of EVs, the demand for these materials is expected to continue to grow. This article explores the global demand for lithium and cobalt for electric vehicles and the future business scope Read Full Details…

Mar 06

Measures taken by Government to boost exports

Posted On: 16 DEC 2022 5:30PM by PIB DelhiThe Government has taken the following measures to boost exports and reduce trade deficit: Foreign Trade Policy (2015-20) extended upto 31-03-2023.Interest Equalization Scheme on pre and post shipment rupee export credit has also been extended upto 31-03-2024. Assistance provided through several schemes to promote exports, namely, Trade Infrastructure for Export Scheme (TIES) and Market Access Initiatives (MAI) Scheme. Rebate of State and Central Levies and Taxes (RoSCTL) Scheme to promote labour oriented Read Full Details…