Nhava Sheva truckers voice concerns over box scanning delays- Exportify Pulse Edition - February 17, 2023
Nhava Sheva truckers voice concerns over box scanning delays
Container trailer operators serving India’s Nhava Sheva Port (JNPT) are reporting long truck waits and congestion problems at the terminal entry points due to box scanning delays.
According to Nhava Sheva Container Operators’ Welfare Association (NSCOWA), which represents truck owners handling local cargo movements, in addition to congestion around drive-through scanning centres, scanning facilities are often unavailable during night hours.
“Since the past few weeks, the members of our association and the overall export-import movement at Nhava-Sheva has been suffering severely,” NSCOWA said in a trade notice.
“Corrective action needs to be taken immediately by the concerned authorities as it has severely slowed down the turnaround of the vehicles of our members and they shall not be held responsible for any port ground rent and penalties in such cases,” the association cautioned.
Intermittent truck buildups have, of late, been a growing concern for exporters/importers using terminals in Nhava Sheva. To mitigate the supply chain bottlenecks, Customs authorities at Nhava Sheva recently added a new drive-through container scanner for cargo moving through Bharat Mumbai Container Terminals (BMCT), a facility operated by PSA International.
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India increased steel exports by 33% m/m in January 2023
Recovery of global steel prices and abolition of 15% export duty boosted export orders from India
In January 2023, India’s steel enterprises increased the export of finished steel by 33% compared to December 2022 – up to 580 thousand tons. However, the export volumes fell by 28% compared to January 2021. SteelMint reports about it.
“Recovery of global steel prices from November 2022 and removal of 15% export duty increased export orders from India,” it said.
During the first 10 months of the 2022/2023 financial year (April 2022 – January 2023), the volume of steel exports from India fell by 52% compared to the same period of the previous financial year – to 5.33 million tons.
The production of unrefined steel in India in January 2023 increased by 1% compared to December 2022 – up to 10.68 million tons. At the same time, the indicator decreased by 2.5% y/y.
“Volumes of steel production at major plants in India showed growth in January 2023. In addition, the SAIL company recorded its best monthly performance in the entire history of the company – 1.72 million tons of steel, 1.8 million tons of pig iron and 1.61 million tons of finished products. The previous record was set in March 2022,” the message says.
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https://gmk.center/en/news/india-increased-steel-exports-by-33-m-m-in-january-2023/#:~:text=Recovery%20of%20global%20steel%20prices,28%25%20compared%20to%20January%202021.
India rice export prices stay high on strong demand, limited supply
Rice export prices from India rose to their highest level since April 2021 this week, aided by firm demand and tight supplies, while elevated rates in Thailand kept buyers at bay.
Top exporter India's 5% broken parboiled variety was quoted at $393 to $398 per tonne this week, up from last week range of $387-$395.
"Government has made record purchases of unmilled rice from farmers this year. Limited amounts of supplies are available to private players for the exports," a New-Delhi.
India's rice exports in 2022 jumped to a record high despite the government's curbs on overseas sale, as buyers continued to make purchases because of competitive prices, according to government and industry officials.
Thailand's 5% broken rice prices eased slightly to $495 per tonnes, from $500 per tonne.
Traders attributed the small price drop to a slow down in demand but blamed the lack of supply and the strength of the local currency for keeping prices high which they say deteter buyers.
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Nepal bans import of rose from India, China ahead of Valentine's Day
Nepal's Plant Quarantine and Pesticide Management Centre said that due to the risk of plant diseases, the import has been stopped for the time being.
The Nepali government has banned the import of fresh roses from countries like India and China ahead of Valentine's Day, according to a media report on Friday.
The Plant Quarantine and Pesticide Management Centre under the Ministry of Agriculture in a notification on Thursday directed the subordinate border offices not to issue the import permit for rose flowers, citing the risk of plant diseases.
The centre banned the import of rose flowers citing special reasons in a written direction to 15 customs offices of Nepal, India, and China borders, My Republica newspaper reported.
Valentine's Day is celebrated annually on February 14.
The notice states that roses cannot be imported from Kakadbhitta in the east to Gadda Chowki in the west and any customs points in the north.
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Editor's Note
India’s Leading Export Destinations: Trends and 2023 Outlook
India’s exports have soared in the past two years on the back of robust manufacturing and an enabling policy landscape. While India’s merchandise exports registered a record high of US$417.81 billion in FY 2022, the government estimates that India will achieve an export target of US$450 billion during FY 2023. Additionally, despite the fact that the world economy is expected to slow down amidst the ongoing global headwinds and the resulting supply chain disruptions, India will only see a minor impact, avoiding a large one because of its robust domestic market and recent free trade deals with Australia and the UAE. In this article, we examine the major trends affecting India’s export industry, and list India’s leading export destinations for FY 2023.
Over the past few years, exports from India have soared tremendously on the back of robust manufacturing in several sectors and an enabling policy landscape. In the financial year (FY) 2022, India’s merchandise exports soared to a record high of US$417.81 billion, surpassing the government’s target of US$400 billion. The export growth was mainly driven by a surge in demand for products like petroleum, cotton yarn, textiles, chemicals, and engineering goods. The government estimates that India will achieve an export target of US$450 billion during FY 2023.
During FY 2023 (April-November 2022), exports stood at US$295.26 billion, compared to US$265.77 billion in the same period last year, recording a growth of 11 percent.
As per a recent report by the economic think tank Global Trade Research Initiative (GTRI), India is set to achieve the highest ever export turnover in calendar year (CY) 2022. Its total merchandise and services export turnover will be in the range of US$740-750 billion. Merchandise exports are expected to be in the range of US$440–450 billion, while service exports are expected to be in the range of US$295–300 billion in CY 2022, as compared to US$254 billion in CY 2021.
Source: india-briefing