Exports Current Affairs - 2020

Banana Exports hit due to Corona Virus

The major banana growing regions of Andhra Pradesh and Telangana were severely hit. This was mainly because the importing countries have gone for lockdown, especially Iran. Highlights The price of a tonne of banana that used to be between Rs 13,000 and Rs 14,500 has come down to Rs 8,000. With the exports being stopped, Read More…

Gold Imports of 2019-20 dip by 8.86% narrowing Current Account Deficit to 143 billion USD

On March 16, 2020, the Commerce Ministry reported that the gold imports for the period April to February (2019-20) has reduced by 8.86% as compared to the previous year. Highlights India is the largest importer of gold in the world. As the gold imports of the country have been reduced, the trade deficit has reduced Read More…

Poultry Culling ordered by Kerala Government to control Bird Flu

On March 14, 2020, the Kerala Government ordered poultry culling. Parappanagadi has been identified as the Epicenter of bird flu. The Government of Kerala is to cull poultry within one-kilometer radius. What is poultry culling? Poultry Culling is the process by which unwanted chicks or male embryo are disposed. This is done in industrial egg Read More…

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Corona Virus hits Diamond Industry of Surat greatly

Workers in Diamond Industry of India, especially in the parts of Surat have been facing job losses and pay cuts as Corona Virus has hit exports to China. China is the biggest market of precious stones and since February China is terribly affected with Corona Virus. Highlights There are more than 15,000 big and small Read More…

Temperature controlled largest Terminal to store Agro and Pharma Products launched at Mumbai airport

The Mumbai airport has recently launched the world largest temperature-controlled facility to store agro and pharma products. The “Export Cold Zone” launched is capable of holding more than 700 tonnes of cargo. Highlights The terminal connects 500 cargo destinations spread across 175 countries. The unit is spread over 6,000 square metres. It is spread across Read More…