India coffee exports rise 70% on year in Aug, silver imports up 727%
This story was originally published at 16:36 IST on 18 September 2024
Register to read our real-time news.Informist, Wednesday, Sep 18, 2024
MUMBAI – India's exports of coffee, tea, spices, cashew, oil seeds and dairy products rose year-on-year in August, while those of rice, other cereals, oilmeal, fruits and vegetables, gems and jewellery fell, according to data released by the commerce ministry. India's imports of pulses, cotton raw and waste, fruits and vegetables, silver and gold rose in August on year, while those of vegetable oil, a few other items fell on year in August, according to the data.
The value of India's coffee exports rose 70% on year to $150.65 mln in August from $88.85 mln a year ago. The value of tea exports in August was $88.97 mln, against $77.40 mln a year ago, the data showed. Spices exports rose to $335.88 mln in August from $281.95 mln during the corresponding period last year and cashew exports rose to $29.64 mln from $27.74 mln, according to the data. Exports of oil seeds also rose on year to $100.15 mln from $92.65 mln and those of meat, dairy and poultry products rose to $429.86 from $391.39 mln, the report said.
On the other hand, rice exports in August fell 16% to $787.42 mln from $939.02 mln in the same period last year. India's exports of fruits and vegetables fell 1.8% on year to $282.30 mln. Exports of gems and jewellery were down 23% on year in August at $1.99 bln.
The value of pulses imports by India in August was up 31% at $319.84 mln. Silver imports rose by a massive 727% to $1.31 bln and those of gold rose to 10.06 bln. India's imports of fruits and vegetables also rose on year in August to $215.50 mln. Imports of petroleum, crude and products were down to $11.01 bln.
However, imports of vegetable oil fell 17% on year to $1.56 bln. Fertilisers, crude and manufactured products imports fell 18% on year to $535.15 mln in August. End
Reported by Taniva Singha Roy
Edited by Vidhi Verma
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2024. All rights reserved.
To read more please subscribe
Share this Story:
