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India tells fertiliser companies not to raise prices

The Indian government has told fertiliser producers they cannot make immediate price increases, a junior minister said on Friday after some companies raised prices this week. ....

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Pakistan decision to import Indian cotton and sugar put on hold: source

By Reuters Staff
1 Min Read
Workers sit on cotton bales being transported to a factory on a truck during an extended nationwide lockdown to slow the spreading of the coronavirus disease (COVID-19) on the outskirts of Ahmedabad, India, May 16, 2020. REUTERS/Amit Dave
(Corrects lead to say cotton and sugar, not cotton and rice)
ISLAMABAD (Reuters) - Pakistan’s cabinet, chaired by Prime Minister Imran Khan, on Thursday put on hold a decision made by the country’s top economic decision-making body to allow imports of cotton and sugar from neighbouring India, a source told Reuters.
In an effort to cool local demand and prices, Pakistan’s Economic Coordination Committee on Wednesday gave the go-ahead for the imports, which was to have ended nearly two years of trade suspension between the nuclear-armed rivals. ....

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Pakistan defers trade with India until Delhi reviews Kashmir's status, foreign minister says

3 Min Read
ISLAMABAD (Reuters) - Pakistan’s cabinet on Thursday put off allowing imports of cotton and sugar from neighbouring India until Delhi reviews its 2019 move to revoke the Kashmir region’s special status, the foreign minister said.
Slideshow ( 2 images )
In an effort to cool local demand and prices, Pakistan’s Economic Coordination Committee (ECC), the country’s top economic decision-making body, gave the go-ahead on Wednesday for the imports, which would have ended nearly two years of trade suspension between the nuclear-armed rivals.
“It was a consensus opinion, including the prime minister, that as long as India doesn’t review the Aug. 5, 2019, unilateral steps it took, it wouldn’t be possible to normalise relations with India,” Pakistani Foreign Minister Shah Mehmood Qureshi said of the cabinet meeting, chaired by Prime Minister Imran Khan, which had to endorse the ECC’s decision for trade to start. ....

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Indian sugar mills rush to sign export contracts as prices rally

2 Min Read
MUMBAI (Reuters) - Indian mills have contracted to export 4.3 million tonnes of sugar so far in the 2020/21 season ending on Sept. 30, a trade body said on Wednesday, as a rally in global prices to a four-year high and an export subsidy makes overseas sales lucrative.
Labourers carry sacks filled with sugar to load them onto a supply truck at a wholesale market in Kolkata, India, April 5, 2018. REUTERS/Rupak De Chowdhuri/Files
Higher exports from the world’s second biggest sugar producer could cap gains in global prices, which have been buoyed by lower production in Thailand, the world’s second biggest exporter. ....

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WTO concerned about Nigeria's foreign exchange management - Okonjo-Iweala

The World Trade Organization director-general said on Monday that the WTO was concerned about Nigeria's foreign exchange management and how it had been used to support manufacturing, exports and imports. ....

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