Overall, the import of vegetable oils, including edible oils, during December 2022 is reported at 1.56 million tonne compared to 1.22 million tonnes in the same month of 2021, which is an increase of about 28 per cent.
Confronted with challenges stemming from rising foreign imports, a declining market share and escalating costs, aluminium industry representatives have sought government intervention for supportive measures to tide over this challenging phase.
Amid depleting foreign reserves, currency exchange firms of Pakistan on Saturday offered to pay for resuming the letter of credit facility (LC) for supporting imports as banks step back due to Pakistan's ongoing economic crisis, according to a Geo News report.
According to sources, the development left Pakistan with an import cover of only under a month, as the country grapples with a deteriorating economic crisis while trying to bring down imports amid a dollar shortage.
Pune (Maharashtra) [India], January 2 (ANI/NewsVoir): The Indian Home interior industry is growing at a healthy pace, and various stakeholders from manufacturing to marketing, designing to retailing are helping to make this growth sustainable. There is so much to be discussed, from market si
Firstly, the lack of infrastructure in Pakistan to handle gas imports will prove to be an impediment. Secondly, the inadequate capacity in the existing pipeline system to transport gas from one point to another.
India is the world's second-largest consumer and number one vegetable oil importer, and it meets around 60 per cent of its need through imports. With the formal approval of GM mustard for mass-scale cultivation in India, it is expected to reduce dependence on imported edible oils.
According to Taiwanese Food and Drug Administration (FDA) Director-General Wu Show-mei, all goods exported from Taiwan must be labeled with the ingredients and their percentage in the product.
India's crude oil imports from Russia have increased manifold in the past few months so as to secure the country's energy security. A large portion of India's energy demand is met through imports.
Novak stressed that Russia is responsibly fulfilling its contractual obligations for the supply of energy resources, diversifying energy exports to the countries in the east and south amid the energy crisis. Earlier in September, G7 nations agreed to impose a price cap on oil imports from