The Economic Times

P K Krishnakumar

  • Chocolate industry may feel the pinch as global cocoa prices rise

    Chocolate industry may feel the pinch as global cocoa prices rise

    India imports large quantity of cocoa beans and powder to bridge the gap between supply and demand in the domestic market. As per the data of International Cocoa Organisation, the cocoa prices stood at $2,687.24 per tonne on Thursday, around 20% increase year-on-year.

    Plantation companies want export scheme extended

    Plantation companies want export scheme extended

    Exporters reckon that as framing a new foreign policy will take time, the present scheme is likely to continue. Cashew export has been declining in the last few years with the rise of Vietnam as a major exporter of the commodity.

    Seafood exports to China grow 42 per cent

    Seafood exports to China grow 42 per cent

    Besides insufficient production, a rise in direct imports by China after its stricter monitoring of illegal border trade with Vietnam has also contributed to growth in its seafood imports.

    Kerala targets Rs 1,000 crore from coir geotextiles

    Kerala targets Rs 1,000 crore from coir geotextiles

    Kerala finance minister Thomas Issac said he hopes to train around 100 engineering graduates in the dynamics of geo textiles and send them across the country as brand ambassadors to market the product. ``They will act as startups for geotextiles and the government will provide all support to them,’’ he said on the side lines of international coir meet called Coir Kerala being held in Alappuzha.

    Spices export plunge on withdrawal of MEIS benefits

    Spices export plunge on withdrawal of MEIS benefits

    India exports around Rs 18,000 crore worth of spices annually and over the years its dominance has come down to a few spices such as chilli, cumin, turmeric and spice oils and oleoresins from around 20 items. Exporters claim duty credits ranging from 2-7 % under MEIS which they discovered were disabled by DGFT from August 1, resulting in a slowdown in shipments.

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