China export outlook steadies
Jan 04,2020The world’s second largest economy is seeing an improving outlook for exports and industrial activity. China’s official manufacturing PMI remained unchanged from November at 50.2 in December. However, while it was up from the average of 49.7 in January-November 2019, it was below the average of 50.9 in 2018.
Read More
Coffee exports hit by low prices in 2019; shipments down 5% at $794 MN
Jan 04,2020In dollar value, shipments declined to $794.21 million during 2019, lower than previous year’s $836.14 million. Also, the exports were marginally lower in domestic currency at Rs 5583.64 crore, as against Rs 5661.37 crore, according to the state-run Coffee Board’s latest provisional data. Total volumes saw a marginal growth at 3.505 lakh tonnes during 2019 as against 3.488 lakh tonnes in the previous year. The increase in volumes was primarily on account of higher re-exports. The Indian companies import cheaper coffee beans from countries such as Vietnam to convert them into value-added products such as instant coffees and re-export them to destinations such as Russia and East Europe. The re-exported coffee during 2019 was higher at 89,193 tonnes (87,260 tonnes in the previous year). The exports of Indian grown coffees during 2019 were down marginally at 2.613 lakh tonnes (2.615 lakh tonnes).
Read MoreRecent Posts
India's two-wheeler exports to see sustained growth in H2 FY22: Ind-Ra
First time in 3 years, sugar mills sign export deals without govt sweetener
India to import potatoes from Bhutan to calm prices and meet demand
Plastics group targets $25 bn exports by ’25
Making for the world: India allows export of N95, FFP2 masks