Year: 2023

Jan 02

Latvia’s foreign trade turnover in October 22.2% higher than a year ago

In October 2022 Latvia’s foreign trade turnover accounted for EUR 4.2 billion. In actual prices it was 22.2% higher when compared with the same month of 2021, according to data from the Central Statistical Bureau of Latvia. In October Latvia exported goods worth EUR 1.82 billion and imported good worth EUR 2.38 billion. The value of export goods, when compared with the previous month, increased by 15.7%, whereas the value of imported goods increased by 27.6%. Compared with October 2021 Read Full Details…

Jan 02

Blockchain to be used to push farm exports

India’s natural farming could soon get a technological push through blockchain, as the government plans to use the technology across all export-driven crops to increase the country’s food shipments and incentivise farmers to take up chemical-free processes. The Niti Aayog has launched a pilot project in collaboration with the Himachal Pradesh government on apple farming, to ensure quality production while also monitoring the produce across the entire storage and supply chain. After the completion of the pilot project on apples, Read Full Details…

Jan 01

Experts for tapping India’s G20 chair to push for FTAs

Despite headwinds, India’s exports look set to achieving $2 trillion export of goods and services by 2030. New Delhi: It was the best of times, it was the worst of times. Charles Dickens famous and exhaustively borrowed words finds its latest fitment in the context of India’s exports which amidst economic crisis of the West, geopolitical turmoil brought on by the Russia-Ukraine war and severe supply disruptions, is confidently looking to surpass the phenomenal USD 420 billion earnings in fiscal Read Full Details…

Jan 01

Indonesia to tighten palm oil exports from January 1

Exporters will be allowed to ship six times their domestic sales volume, less than the current ratio of eight times. Indonesia will tighten export rules for palm oil from January 1 by allowing fewer shipments overseas for every tonne sold domestically, in a move aimed at ensuring sufficient domestic supply. Exporters will be allowed to ship six times their domestic sales volume, less than the current ratio of eight times, according to a new regulation reviewed by the Reuters news Read Full Details…

Jan 01

Green hydrogen: Fuel of the future has ‘big potential’ but a worrying blind spot, scientists warn

Made exclusively with renewable power, green hydrogen is emerging as a promising alternative to polluting fossil fuels. But this much-touted fuel of the future may have a pitfall. Some scientists say the lack of data on leaks and the potential harm they could cause is a blind spot for the nascent industry. At least four studies published this year say hydrogen loses its environmental edge when it seeps into the atmosphere. This is because it reduces the concentration of molecules Read Full Details…

Jan 01

Palm oil ends flat, demand concerns weigh

Malaysian palm oil futures reversed losses on Thursday after trading in a tight range, but the contract ended virtually unchanged, weighed down by sluggish demand and as traders booked profits. The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange gained 3 ringgit, or 0.07%, to 4,090 ringgit ($925.34) a tonne. Although production is lower, traders are concerned about demand momentum, said Paramalingam Supramaniam, director at Selangor-based brokerage Pelindung Bestari. Palm oil had tracked a Read Full Details…