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Higher sunflower oil purchases by the world's biggest importer of vegetable oils will help to reduce sunflower oil inventories in the Black Sea region and lift sun oil prices
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In FY24, India imported USD 5.4 billion worth of silver globally. As tariffs drop to zero over the coming years, it is anticipated that most silver imports will be sourced from the UAE, resulting in a potential revenue loss of Rs 6,700 crore due to the tariff advantage
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India’s total exports during April to May 2024 is estimated at USD 133.61 billion
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"At present, there is no proposal to alter the duty structure on imports of wheat" said the ministry in a statement.
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Steel demand has been buoyant in India, the world's second-biggest crude steel producer, as the country remained a bright spot globally with robust demand from its construction and automotive sectors
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The government though did not give any reasons behind such move.
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The European biodiesel industry has complained of a surge in imports from China which it believes involves supplies declared as made with recycled oil and fat but actually produced with cheaper and less sustainable virgin oil
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India is now the largest seaborne coking coal buyer it aims to raise its steel capacity to 300 million metric tonne per year by 2030, up 71 per cent from 2023
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Senior defence officials said the rise of the private sector industry in the field of ammunition has helped the force in a big way to achieve this
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Despite strong gold demand in March, the market saw an unexpected downturn as jewellers stocked up for the Indian wedding season.
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