MAGHAVAN Enterprises

The transformation of marine ecosystems into measurable zero-emission fuels will have great implications for global trade in the coming decades.  This shift will lead to a more distributed energy supply with associated export opportunities for producers of zero-emission fuels, on the one hand, and a shift to more expensive fuels, which will affect trade costs.  This will increase global freight prices which will have a huge impact on different geographies, products and trade routes.  More than 80% by volume and 70% by value of the total volume of world trade is transported by ship.  Rising costs in maritime transport will affect all economies around the world.  This is because the cost of transporting goods affects other trade costs such as policy barriers, tariff systems, technical barriers to trade, contract enforcement, information, exchange rate fluctuations, local distribution, and regulatory costs.  An increase in trade costs i...

Despite setting a record in global trade in FY2022-23, India's trade this year has not had an expected start.  In the first month of May 2023, there was a deficit in India's exports and imports.  According to official data, India's exports fell by 10.3% to $34.98 billion from a year earlier in May2022, in May 2023 and imports fell by 6.6% to $57.10 billion.  India's merchandise trade deficit was $22.12 billion in May, according to Reuters export and import data released by the government.  The trade deficit fell to a 20-month low of $15.24 billion in April. This decline in world trade is very challenging for India.  The deficit has become a risk at a time when India's trade has been setting record numbers since the pandemic.  At the start of the new fiscal year, the shortfall could sway investor sentiment and hurt the local currency's appeal.  Imports in May 2023 were $57.1 billion and service charges were $13.53 billion, total imports in M...

 India exports 40% of the world's rice demand.  India exports rice to about 132 countries.  But last July 20, 2023, the Indian government imposed a ban on the export of rice.  As India is the world's largest exporter of rice, countries importing rice from India fear future rice shortages and price hikes due to this ban. On July 20, 2023, India imposed a ban on rice exports.  The ban has been imposed only on non-basmati rice.  Since non-basmati rice accounts for more than 80% of the total rice from India, there is a fear of rice shortage in several countries including USA, Europe, Bangladesh.  Earlier India had also banned the export of broken rice and sugar.  As a result of the tsar, the prices of these products increased in various countries.  Currently, due to the ban on rice, the world market is in turmoil.  Many organizations and experts believe that this will lead to severe food shortages in some countries.  India's Commerce Mi...

 India is the largest exporter of rice in the world.  India alone accounts for 40% of the world's total rice exports.  India exports rice to about 132 countries.  But the Indian government stopped exports of non-basmati rice in July.  As a result of the tsar, various countries are under the threat of rice shortage.  And besides, India's rice exporters are facing problems.  Rice importing buyers are looking forward to early shipment of rice.  They fear that the government may also impose restrictions on basmati rice exports. On July 20, 2023, the Government of India imposed restrictions on the export of non-basmati rice.  This year, paddy production has decreased due to erratic weather conditions in India.  The price of rice in the Barte retail market has risen by 3% in the past one month.  The government has taken this decision to control domestic rice prices.  Even though the government has banned the export of non-basmati ric...