Cheer for exporters: Japan lifts inspection order for Black Tiger shrimps from India
Japan has lifted inspection order for Black Tiger among Indian cultured shrimp and its processed products after export consignments of this variety were found free from any residue of synthetic anti-bacterial drug furazolidone.
This has been conveyed by Food Inspection and Safety Division of Japan’s Ministry of Health, Labour and Welfare (MHLW) to Satya Pal Kumar, First Secretary (Trade), Embassy of India in Japan.
Depleting balance in rupee-rial account chokes export of basmati rice, tea to Iran
Export of basmati rice and tea is likely to be severely impacted this year due to issues with Iran which is one of the major importers of the two commodities. Delayed payments from Iran on the back of the “depleting balance” in the rupee-rial trade account is the problem.
Iran is one of the major importers of basmati rice accounting for nearly a third of India’s total exports of the commodity. It also accounts for over 21 per cent of the country’s total tea exports, particularly the orthodox variety.
Less sugar and more ethanol, the survival mantra for Maharashtra sugar mills
As Maharashtra sugar mills start crushing season on Thursday they have a target to fulfil — not to produce excess sugar but produce 104 crore litres of ethanol.
According to the Indian Sugar Mills Association (ISMA), the country’s sugar industry has to plan to divert surplus 60-70 lakh tonnes of sugar into ethanol in the next two-three years, reduce sugar export by 20 lakh tonnes every year till 2023, and increase diversion of equivalent sugar into ethanol every year over the next three years.