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Featured News
June vegetable oil imports dip 29 per cent
The decline was primarily driven by a sharp fall in palm oil imports, which dropped 10.5% from the previous month as the price gap between palm oil and other edible oils narrowed significantly. Soyabean oil imports also fell 23%. A sharp 18-20% year-on-year increase in international prices of major cooking oils, driven by their diversion for biofuel production and an 11% depreciation of the Indian rupee also weighed on imports.
India-UK FTA comes into effect today, unlocking duty-free access for Indian exports
India's new trade pact with the UK offers significant export chances for manufacturers. Lower tariffs will benefit sectors like textiles, leather, and processed foods. Indian companies must meet stringent quality standards for sustained export growth. The agreement also improves access for Indian professionals and service providers. British exporters will see phased reductions in India's automobile import duties.
