Fruit exports likely to be hit due to coronavirus contagion: Expert

Exports of fruits, including Alphonso mango, grapes and pomegranates, will be hit badly this year following the breakdown of supply chain and lack of demand as the world is grappling with economic slowdown due to the COVID-19 pandemic, an exporter said. The supply to local wholesale markets is normal and on Thursday 100 trucks carrying.

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Coronavirus keeps seafood exporters in a bind with no fresh orders

The global health crisis caused by the outbreak of Covid-19 has disconcerted Indian seafood exporters, who ship out stuff worth $7 billion every year. Shipments to the US, India’s largest market for marine food, are down by over 50 per cent since the outbreak of Covid-19 and the consequent lockdown. With annual export volumes of 280,000.

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Seafood sector gets relief on small revival of overseas shipments

The beleaguered seafood sector, which has remained stagnant due to the Covid 19 impact, hopes to find some revival of exports, albeit on a low note, to countries where there are minimal restrictions on documentation. “We have sent shipments to Vietnam, Indonesia, Japan, China, etc, where there were no serious restrictions for demanding original export.

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Exports head towards contraction as orders from US, Europe vanish

After sudden growth in February, exports are fast heading towards a lengthy period of contraction as buyers cancel major shipments in foreign-exchange (forex) earning sectors, fear exporters. “We expect contraction in March. With major economies continuing to see sharp rise in cases, the cumulative fall in demand would spill over into April, causing a bigger.

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COVID-19 outbreak takes heavy toll on India’s exports to China in February

Weighed by the impact of coronavirus (COVID-19) outbreak, India’s exports to China and Hong Kong put together slumped 41% just in February while its imports declined more than 10%. However, a sudden jump in exports to United States and United Arab Emirates during the month meant India’s overall exports turned positive for the first time.

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Government mulls fresh sops for MSMEs, export units

After offering a relief package to the poor and the vulnerable, the government is gearing up for the next round of economic measures that will likely focus on the needs of specific sectors — including MSMEs, exports, tourism, civil aviation and animal husbandry — that have been battered by the Covid-19 outbreak. Sources told that.

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Certificate of origin: India asks trade partners for relief to exporters

India on Sunday asked nations with which it has forged trade agreements to temporarily allow its exporters to supply goods without certificates of origin, as the Covid-19 outbreak has forced the country to go on an unprecedented lockdown. For its part, New Delhi is also willing to grant similar concessions to these partners upon formal requests..

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Our loss will be China’s gain as they push for market access: Indian exporters

Export Promotion Councils (EPCs) from different parts of the country, in a video conference with Piyush Goyal, minister of commerce & industry; Hardeep Singh Puri, minister of civil aviation; Dr Anup Wadhawan, commerce secretary and Amit Yadav, director-general, DGFT, showed their concerns about the lockdown and its effect of exports. The export associations raised their.

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Recyclers seek detention, demurrage fee waiver on imported scrap

The Material Recycling Association of India has urged the Centre to waive off the detention and demurrage charges for 30 days in order to rescue recyclers who are caught unawares in country-wide lockdown. The recycling industry, which imports metal and paper scrap from overseas, has built a stockpile of about one million tonne of metal.

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Secondary metal producers crumble under lockdown, shipping cos add to woes

Secondary metal producers which cumulatively contribute to nearly half of India’s ferrous and non-ferrous metal consumption are facing a double-whammy due to the spread of coronavirus (Covid -19) in both, India and overseas. Since its outbreak in Wuhan city of China in December 2019, metal prices have declined by a massive 25-30 per cent. Since secondary metal producers had.

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