Topic
shipments
Commodities West Asia crisis hits orthodox tea shipments from Coonoor auctions, prices decline
The West Asia crisis has disrupted orthodox tea exports from the Coonoor auctions, leading to price declines of Rs3-4 per kg for whole leaf grades. Increased arrivals during the peak crop season helped maintain stable volumes, with Sale No. 29 recording 92% sales in the leaf category and 85% in dust. CTC and orthodox dust grades also saw varying price movements, according to Global Tea Auctioneers.
Trade Make use of FTAs, other schemes to boost shipments, government tells businesses
The Indian government has asked businesses to fully utilize free trade agreements and other schemes under the Export Promotion Mission. Commerce minister Piyush Goyal met export promotion councils to review progress towards export targets, with a focus on the upcoming India-UK CEPA and the India-EU deal. Concerns remain over capacity constraints in the textile sector and over-reliance on interest subsidy.
Commodities India Lifts Emergency Natural Gas Curbs After Strait of Hormuz LNG Shipments Resume
The Indian Ministry of Petroleum and Natural Gas has withdrawn emergency provisions under the Natural Gas (Supply Regulation) Order, 2026, which had allowed prioritised allocation of domestic gas and imported LNG. The curbs were imposed in March 2026 following disruptions to LNG shipments via the Strait of Hormuz. Their removal follows a ceasefire in the West Asia conflict that has restored LNG flows through the strategic waterway.
Trade Finance DGFT Extends Enhanced Export Insurance Cover for West Asia Shipments Till September 30
India's Directorate General of Foreign Trade (DGFT) has extended the enhanced export insurance cover for shipments to West Asia under the RELIEF scheme until September 30, 2026. The cover, originally available from March 16 to June 15, 2026, aims to support exporters facing logistics disruptions from the ongoing West Asia crisis and the Iran war.
Trade Goyal meets exporters to discuss ways to boost shipments, leverage FTAs
Piyush Goyal met with Export Promotion Councils and industry associations to discuss strategies for boosting exports and leveraging free trade agreements. The meeting focused on MSME support, innovation, and export facilitation. Trade data for April-May 2026-27 showed exports of USD 88.91 billion and imports of USD 145.35 billion.
Trade India's Rice Exports Hit by Iran Conflict
India's rice exports dropped 1.3% in early 2026 due to the Iran conflict affecting basmati shipments to the Gulf. Rising shipping costs and delays have stalled new deals.