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Data▼ Bearish for Indian equities
India’s tea exports could decline 20% this year amid higher freight rates, logistics disruptions
The brief
- Tea exports could decline 20% this year amid higher freight rates and logistics disruptions
- Shipments fell 16.11% year-on-year to 128.56 million kgs during January-July
- Lower exports and higher freight costs pressure Indian tea producers and exporters
- India steps up palm oil buying after import-duty cut spurs restocking
- Pulses import duties may ease over poor rains
- India's sunflower oil imports seen up 30% on duty cut, industry official says
- Govt may hike outlay under two key tax refund schemes for exporters to ₹2 trillion over five years
- Retail trade, banking lead as 10 services sub-sectors clock double digits in July