Bangladesh’s interim government has reversed its earlier decision to ban hilsa fish exports to India, allowing the shipment of 3,000 tonnes for the upcoming Durga Puja festival. This decision comes after appeals from exporters and a tradition of sending hilsa as a goodwill gesture to India during the festival.
The Thai baht has experienced a remarkable surge, nearing its highest quarterly rise since the Asian financial crisis. This rapid appreciation has sparked concerns from the tourism and export sectors, who fear its impact on their businesses. The baht’s strength has also presented a significant challenge for Thailand’s newly appointed Prime Minister, who aims to stimulate economic growth and ease the cost of living.
The Indian government is taking decisive action to enhance the efficiency of its export processes by addressing delays at ports and ensuring a smooth flow of goods. This includes establishing help desks, reducing container handling costs, and increasing port capacity to facilitate faster clearance of consignments and boost the country’s trade competitiveness.
Morocco is making a strong statement at the Americas Food and Beverage Show in Miami, using the platform to showcase its diverse culinary traditions and growing export potential. The country aims to solidify its position in the Florida, Caribbean, and Latin American markets while fostering deeper connections with key players in the U.S. and beyond.
The United States is facing a critical antimony shortage due to China’s upcoming export restrictions. This shortage could severely impact US military capabilities, as antimony is essential for munitions production. Perpetua Resources Corp.’s Stibnite gold project in Idaho could become the US’ sole domestic source of antimony, offering a potential solution to the looming crisis.
South Korea’s manufacturing sector saw a surge in activity in August, reaching its highest growth rate in over three years, despite a decline in foreign demand. This growth was driven by increased domestic demand and a slowdown in input price inflation.
India has lifted restrictions on sugar mills and distilleries using cane juice to make ethanol, a move expected to prolong export curbs and tighten global supply. This decision, aimed at meeting the government’s target of increasing ethanol blends in gasoline, has sent sugar mill shares soaring.
Fishing boat owners in Chennai are facing a severe decline in tuna catch, impacting exports and forcing many boats to remain anchored. This decline is attributed to factors including the war in Ukraine and Palestine, the threat of piracy, and a change in fishing grounds. The price of tuna has dropped significantly, leading to financial hardship for the fishing community.
India is developing a strategic plan to establish over 50 e-commerce export hubs, aiming to boost its exports to $100 billion. This initiative seeks to leverage the digital landscape to promote Indian products globally.
The Sri Lanka Trade Fair Dubai 2024 is set to be a major event showcasing Sri Lankan industry and innovation to an international audience. Taking place on November 2nd and 3rd at the Crown Plaza Dubai, this event offers Sri Lankan businesses a unique opportunity to establish partnerships, explore new markets, and boost their global reach.
