Following reports of attacks on vessels in the Strait of Hormuz, the Indian Rice Exporters Federation (IREF) issued an advisory to its members to exercise “maximum caution” while finalising contracts with new vessels and charter parties and committing delivery schedules to the buyers. The IREF said that current rice exports from India to the west...
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October 31, 2026October 31, 2026Agriculture, Business
Government extends import duty exemption for cotton
Image used for representational purposes only | Photo Credit: Reuters The Finance Ministry extended the import duty on cotton until December 31, 2026, providing relief to the largest cotton consumer—the textile industry. In a notification issued on Friday, October 30, 2026, the Finance Ministry said the exemption, which had been granted in May this year,...
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ET Immersions Germany Edition brings Indian business leaders together for five-day Munich programme
The ET Immersions Germany Edition is intended for entrepreneurs, MSME owners, manufacturers, startup founders, professionals, family business successors, emerging leaders and next-generation entrepreneurs. Munich: The Economic Times (Business Verticals) is hosting the ET Immersions Germany Edition from October 22 to 26 in Munich and Bavaria, bringing together Indian entrepreneurs, manufacturers, MSME owners, startup founders, CXOs,...
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October 6, 2026October 6, 2026Business
Kasturi Cotton gains traction as India puts traceability on the textile map
Nearly 2.1 lakh bales of Indian-grown cotton were certified as Kasturi Cotton Bharat in the cotton marketing season that ended on September 30, underscoring the growing importance of traceability in India’s textile value chain. The adoption of Kasturi Cotton has accelerated sharply since its launch. Certified volumes rose from 47,100 bales in 2023-24 to 2.13...
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September 25, 2026September 25, 2026Business
Tea output slips, exports drop in January-July 2026
India’s tea production declined 1.7% year-on-year (YoY) to 658.3 million kg during January-July this year, according to data shared by the United Planters’ Association of Southern India (UPASI). While the country’s tea output in 2025 had grown 7.1% YoY, production during the first seven months of this year sw pressure across major tea-growing regions. Output...
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September 23, 2026September 23, 2026Business
India to study potential of new markets for tea exports
COONOOR India is encouraging tea exports to explore new markets as shipments to Iran is hit by the war. Amit Kumar, Joint Secretary of the Union Ministry of Commerce and Industry, told The Hindu on Wednesday that the government is focusing on markets such as Oman that is increasing its purchase of Indian tea. “We...
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September 2, 2026September 2, 2026Business
Soaring cotton prices put textile mills under pressure
: Textile mills are witnessing a revival in cotton yarn demand, with capacity utilisation crossing 90%, but a sharp rise in cotton prices is raising concerns over the sustainability of operations. “The demand for cotton yarn started reviving almost five months ago and currently, mills are not holding much yarn stocks,” said Durai Palanisamy, chairman...
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August 28, 2026August 28, 2026Business
Government to introduce fortnightly sugar allocation
The Centre has decided to introduce from September fortnightly sugar allocation system replacing the existing monthly quota system. According to an official press release, the mills will be required to sell at least 40 % of the allocation in the first week and remaining quantity in the succeeding week. The statement said that physical verification...
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August 6, 2026August 6, 2026Business
Sugar mills to advance cane crushing schedule
Sugar mills will start operating 10-15 days before the normal schedule for the 2026-2027 sugar marketing season to ensure adequate availability of sugar during the festival season this year. At a meeting held with the Joint Secretary (Sugar) last month, the Indian Sugar and Bio-energy Manufacturers Association (ISMA) and the National Federation of Cooperative Sugar...
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August 1, 2026August 1, 2026Business
Cotton production to drop in the 2025-2026 season
Production of cotton during the current marketing season that commenced on October 1, 2025 is estimated to be seven lakh bales less than the previous year. The Committee on Cotton Production and Consumption that met in Mumbai on July 29 expected the production this season to be 290.24 lakh bales of 170 kg each while...
