Chandigarh: With milk products worth about Rs 225 crore lying with Milkfed, it has requested Chief Minister Parkash Singh Badal to ask the Centre to allow it to export certain milk products, it is learnt. During the past few months, Milkfed prepared 6,000 tonnes of dry milk powder of which about 2,000 tonnes is surplus. “I have told the CM that milk plants in the state will suffer losses if denied the export of dry milk powder”, said Parminder Singh Chalaki, chairman of the Mohali milk plant.

New Delhi India has potential to make forest produce like wood and paper as major foreign exchange earner and UN’s Food and Agricultural Organisation (FAO) is ready to extend knowledge and technological assistance for the same, a top FAO official said on Thursday.

“India can turn wood and paper as its major export items by pursuing a sustainable forestry policy,” Eduardo Rojas Sriales, assistant director general, forestry department, FAO,

SIVASAGAR: At a time when indiscriminate fishing has caused rapid depletion of the local varieties in the region, a section of unscrupulous traders are thriving in Sivasagar sub-division and other parts of Sivasagar district.

Fish production in the district has depleted to such an extent that the people have not been able to meet the minimum requirement, not to speak of export. The district has to procure huge quantities of fish from outside to meet the local demand. The reason behind the large-scale depletion is not hard to fathom.

State-owned trading giant MMTC has inked pacts with Japanese and South Korean steel companies including Posco, to supply 2.8 million tonnes of iron ore annually for a period of three years.

"We have signed iron ore supply contracts with five Japanese firms and one South Korean company for a period of three years. The exports are expected to start from July this year,"

New Delhi: A panel headed by the PM’s chief economic advisor C Rangarajan has recommended exporting 2 million tonnes (mt) of wheat at a subsidy of Rs 1,500 crore through government channels and another 1 mt through private traders at a subsidy of Rs 150 crore. Warning that just exports would not be enough to manage the overflowing godowns and could cause political problems, the panel has also recommended distribution of 8 mt grain to below poverty line (BPL) and 2 mt to above poverty line (APL) families. The total subsidy bill for this would come to Rs 17,000 crore.

The anti-dumping decision is among the biggest in U.S. history

The United States, on Thursday, announced the imposition of anti-dumping tariffs of more than 31 per cent on solar panels from China. The move by the Commerce Department is certain to infuriate Chinese officials already upset after recent bilateral frictions over China's human rights policies and its increasingly confrontational approach toward U.S. allies such as the Philippines and Japan.

New Delhi: It’s a problem of plenty for dairy companies. Left with excess inventory of skimmed milk powder owing to the good monsoon in the last two years, dairy majors say growth will be hit this year, with most of them expecting lower profit margins compared to last year. India, which is the largest producer of milk in the world, currently has an excess of nearly 1.5 lakh tonnes of skimmed milk powder. Companies demand lifting of ban on exports of skimmed milk powder (SMP), which the government had imposed last year to tackle supply shortage.

Australia’s uranium supply to India will be demand based once the approvals for the yellow cake exports to New Delhi are finalised, the Energy Minister Mr Martin Ferguson has said.

“It (uranium supply) will be demand based. The supply once approved for exports will be of a commercial nature between the Australian uranium and mining industry and potential customers in India,” Mr Ferguson told PTI.

Asked when the uranium exports will begin, Mr Ferguson said “We don’t put a timeframe. This is about a negotiation of a product between Australia and India.”

With a weak rupee, exporters are confident of demand for Indian agri products in global mkt
Exporters of agri commodities such as wheat, sugar and cotton feel that shipments could pick up if India would enter into bilateral agreements with countries in the Middle East, Africa and the Saarc bloc. Comfortable global stock and a slowdown in the world economy are making Indian agri commodity exports unviable, say exporters. With a weak rupee, exporters are confident of demand for Indian agri products in international market if bilateral agreements are in place.