Exports

January 3, 2025 12:26 PM

Oman resumes copper exports after three-decade pause with historic shipment from Lasail mine

In a major development for Oman's mining sector, the sultanate has recommenced copper exports after a 30-year break with its first shipment of 900 tonnes of copper concentrates from the Lasail mine in Sohar. The project, overseen by Minerals Development Oman marks a crucial step in the nation's economic diversification efforts. The milestone carries particular historical weight, as the region boasts a 3,000-year legacy of copper mining, including operations by the Oman Mining Company since 198...

September 30, 2024 2:35 PM

Why India’s easing of export curbs is important to global rice trade

India has removed most of the export curbs it imposed on rice shipments in 2023 with immediate effect, as above-average monsoon rains are expected to boost crop yields amid overflowing stocks in state granaries. Here are some facts explaining India's importance to the global rice trade: * India accounted for more than 40% of the world's rice exports in 2022, a record 22.2 million metric tons out of a total of 55.4 million. * India's exports were bigger than the combined shipments of the world...

September 24, 2024 4:58 PM

Basmati rice exports seen surging after floor price removed

India's decision to remove the floor price for basmati rice exports is expected to spur a flurry of orders from the Middle East, Europe, and the Americas, leading exporters said, helping New Delhi to increase its share of the global market. The world's biggest rice exporter earlier this month removed a floor price of $950 a metric ton for basmati rice, weeks ahead of the arrival of the new season crop. The minimum export price (MEP) posed a barrier to exporting certain basmati rice grades, and...

May 17, 2024 9:15 PM

India’s exports grow in April despite global disruptions

India's trade deficit is facing limited immediate challenges from ongoing geopolitical uncertainties, although it remains a crucial area to monitor, according to a recent Crisil report on India's trade deficit. Despite these potential disruptions, the forecast for improved trade growth this year by key multilateral organizations brings encouraging news for Indian exports. In April, India's exports recorded positive growth despite the disruptions in global trade routes and uneven global economic...