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Informist, Thursday, Nov. 14, 2024

 

MUMBAI – The value of India's rice exports rose the most in October, by around 86% on year, while imports of silver fell sharply by almost 75%, according to the data released by the commerce ministry. Exports of tea, coffee, tobacco, spices, cashew, oilseeds, fruits and vegetables, and meat, dairy, and poultry rose in October, and those of other cereals, oilmeals, and petroleum products fell.

 

India's imports of cotton raw and cotton waste, vegetable oil, pulses, fruits and vegetables, petroleum, crude and products rose in October this year, and those of gold and silver fell, according to the data.

 

Rice exports in October rose by almost 86% to $1.05 billion from $565.65 million a year ago. Exports of tobacco rose by 34% to $203.55 million from $151.56 million a year ago and those of coffee rose 32% on year to $115.01 million. Spice exports rose by around 31% on year to $384.24 million in October and exports of fruits and vegetables rose almost 16% on year to $321.36 million. 

 

India's tea exports rose 9% on year to $82.94 million in October and cashew exports rose 7% on year to $27.74 million. Exports of meat, dairy and poultry were up around 8% at $446.58 million, according to the data. Oil seeds exports rose to $123.49 million in October from $120.30 million a year ago.

 

However, exports of other cereals fell almost 17% on year to $20.79 million and exports of petroleum products fell 22% on year to $4.58 billion. Oilmeal exports fell slightly to $106.76 million from $107.76 million a year ago.

 

The value of cotton raw and waste imports in October rose by 248% on year to $127.71 million, the data showed. The import of vegetable oil rose by around 51% to $1.5 billion in October from $1.01 billion a year ago. The import of pulses rose 38% on year to $600 million. Fruits and vegetable imports rose to $330 million in October from $324.91 million a year ago. Imports of petroleum, crude and products rose 13% on year to $18.3 billion.

 

Imports of silver fell sharply by almost 75% to $331.69 million and gold imports fell by 1.4% on year to $7.12 billion, the data showed.  End

 

Reported by Ashutosh Pati

Edited by Akul Nishant Akhoury

 

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