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...

   Recently India has banned the export of Non-Basmati White Rice.   As a result, food crisis may occur in many countries in the world.   Because many countries of the world including USA, Europe are dependent on India for high quality rice.                                           Experts fear that global food crisis may occur due to India’s banning rice export. IMF or international monetary fund came forward to solve this situation.   They said they would request India to lift the ban on rice exports.   IMF chief Pierre-Olivier Gourinchas said, 'I will request India to withdraw this decision.   Otherwise, it will have a bad effect on the whole world.” Financial experts claim that, inflation will also have a serious impact on America, Britain, Canada, and...

  India ranks first in rice exports in the world market. India accounts for 40% of total rice exports. India exports rice to most of the countries including USA, Europe. Recently on 20th July 2023, Government of India imposed a ban on the export of non-basmati rice. As a result, NRIs in the USA are panicking. And they are flocking to grocery stores to stock up on rice.          Due to erratic weather conditions the move is said to have been taken by the Indian government to curb the increase in domestic rice supply and prices due to a decline in rice production in India. There are currently over 40 lakh Indian expatriates in the USA. The staple food of those who are more fortunate is rice, Idle etc. which are made from rice. Sona masuri rice is also in high demand in most cities in the USA. Due to this ban, NRIs in the USA rush to buy rice at various grocery stores. Shop owners have also increased the price of rice on the occasion. Earlier where a bag of ri...

  There was a  time when  rice and wheat used to come to India from America.  The ships used to load rice and wheat unfit for consumption of the people of that country in the port of India.  The people of this country tried to survive by eating that rice and wheat.  The people of this country have been eating that rice-wheat rice-bread that is unfit for US citizens to eat.  It is in America that there is now a clamor for Indian rice.   No more rice can be exported except Basmati, the Indian government has imposed this ban from Thursday, July 20. In this case also one thing is clear that the Government of India has banned the export of non-Basmati white rice only.  But there is no ban on export of parboiled rice.  This issue has also been disclosed in a statement by the government late on Thursday, July 20.  As a result, there is no obstacle for all the exporters who export parboiled rice.   The government said in a statement...