India Positioned to Become a Global Steel Leader, Says Indian Steel Association
India is on the right path to becoming a global steel player, according to the Indian Steel Association. The country has transformed into a net exporter of steel this year,…
UIA Launches Initiative to Transition Traders from Imports to Local Manufacturing in Uganda
The Uganda Investment Authority (UIA) has launched an initiative to encourage traders in Kampala’s Kikuubo business hub to transition from importing products to manufacturing them locally. Named “Transitioning Kikuubo Traders…
Vietnam’s Shrimp Exports Surge Amidst Rising Global Competition from Ecuador and India
Vietnam’s shrimp exports, which grew in the first half of 2024, are now facing stiff competition from other major producers like Ecuador and India in key markets such as the…
Nigeria’s Struggling Cocoa Processing Industry Operates at 8% Capacity Amid High Costs and Proposed Export Regulations
Nigerian cocoa processors are facing severe challenges due to multiple taxation and high operational costs, leading to a drastic decline in production capacity. Currently, the country’s five remaining cocoa processing…
India’s Trade Deficit with China Narrows to $85 Billion Amid Efforts to Reduce Import Dependency, Says Piyush Goyal
India’s trade deficit with China, the highest among its trading partners, has been narrowing in recent years, according to Commerce and Industry Minister Piyush Goyal. The deficit grew at a…
Philippines Secures Approval to Export 25,300 Metric Tons of Raw Sugar to the US After Four-Year Hiatus
The Philippines has been granted permission by the United States to export 25,300 metric tons of raw sugar in fiscal year 2024, ending a four-year hiatus. Additionally, the US has…
India’s Edible Palm Oil Industry Set for 10% Revenue Growth Amid Stable Credit Profiles, Says CRISIL Ratings
India’s edible palm oil industry is poised for significant growth, with CRISIL Ratings projecting a revenue increase of approximately 10% this fiscal year. This growth is driven by steady demand…
Dangote Refinery Crude Supply Crisis Threatens Oil Investments in Nigeria, Operators Warn
The Host Communities of Nigeria Producing Oil and Gas (HOSTCOM) have threatened to shut down pipeline facilities in response to what they describe as the unfair treatment of Dangote and…
Indonesia to Import Live Cows Instead of Milk for Free School Meal Program, Government Confirms
Rather than importing dairy milk, Indonesia prefers to import live cows to be able to feed Indonesian students free and nutritious lunches as part of their new school meal program.…
China’s Iron Ore Imports Remain Strong in April 2024, Driven by Lower Prices and Increased Demand
Imported iron ore prices in China’s major cities have remained stable, with the average price reaching $109.7 per ton in March 2024, down 12% from February but still 14.6% higher…