Shares of rice exporters such as Chaman Lal Setia Exports, LT Foods, KRBL, and GRM Overseas fell up to 6% intraday on Monday after the government imposed export restrictions on basmati rice over the weekend. 

As Chinese steel shipments drop, Tata Steel Ltd., India’s second-largest steel manufacturer, is optimistic about pricing. On the eve of the B20 Summit in New Delhi, CEO TV Narendran had an interview with Bloomberg News.

Due to lower freight costs and low inventory levels in the Asian oil hub, India’s diesel shipments to Singapore are expected to reach a 19-month high in August and surpass 330,000 metric tonnes, according to traders and experts.

A senior government source told Reuters that the White House would outline its proposals on Wednesday to forbid some US investments in sensitive technology in China and demand that the government be notified of other transactions.

China’s exports are projected to suffer another blow in July as the nation’s manufacturers grapple with reduced demand from international markets, where inflation and rising interest rates have created challenging conditions.

Indonesia to Impose a regulation to safeguard the interests of small and medium enterprises by placing restrictions, on online sales of imported goods valued below $100. This measure will be applicable to both marketplaces and retailers operating on social media platforms. As the country’s e-commerce industry flourished, reaching a value of $59 billion in the year authorities are now working collaboratively to enforce these rules and anticipate potential effects, on the sector.

India is thinking about perhaps banning the export of a kind of rice. If adopted, this suggested strategy may further increase the already skyrocketing costs of this essential food staple throughout the world, especially when the unsettling El Nio weather phenomena reappears. The majority of the world’s rice exports come from India.

China’s exports sector experienced a significant contraction last month, recording its sharpest decline since the onset of the COVID-19 pandemic three years ago. The country’s ailing global economy and persistently weak global demand have placed mounting pressure on Chinese policymakers to implement fresh stimulus measures. The momentum of China’s post-pandemic recovery has slowed, leading analysts to downgrade their economic projections for the rest of the year, particularly as factory output faces challenges in the face of sluggish global demand.

Taiwan’s export-driven economy faced a significant setback in June, as Taiwan’s exports recorded the sharpest decline in almost 14 years. Persistent weakness in demand from major markets, including the United

China’s recent move to impose export restrictions on certain metals commonly used in semiconductors, electric vehicles, and high-tech industries has escalated tensions with the United States and raised the potential for disruptions in global supply chains.

Investments and Internal Trade (DPIIT) had devised a trading strategy to address the slowdown in the developed world, which is India’s major importer.

China’s attempts to minimize its reliance on imported oil have resulted in the development of a massive concrete complex near Zhuhai the size of Monaco, which serves as the focal point of its deepwater drilling initiatives. The facility, run by a subsidiary of CNOOC (China National Offshore Oil Corp), is in charge of building production platforms for use in China’s offshore oil fields. China has grown more dependent on imported oil as its ageing onshore wells struggle to fulfil the country’s expanding energy needs. Currently, more than 70% of China’s oil supply is imported, up from less than 10% before the turn of the century.