Author: Editorial Desk

Korean powdered milk exports to Southeast Asia have surged over the past decade, driven by rising demand for Korean infant formula, according to data from the Korea Agro-Fisheries & Food Trade Corporation (aT). In 2023, exports to the 10-member Association of Southeast Asian Nations (ASEAN) reached a record $30.7 million, nearly triple the $10.5 million recorded in 2014. Export volume also soared, hitting 2,465 metric tons, 2.6 times higher than the 932 tons shipped a decade ago. Cambodia emerged as the largest market for Korean powdered milk. Shipments to the country skyrocketed to $15.6 million last year, marking a 14-fold…

Vietnam’s coconut exports reached a historic milestone, exceeding $1 billion for the first time last year. This achievement was driven by a new export protocol with China and continuous efforts by exporters to diversify and expand their markets. According to data from Vietnam Customs, total exports of all coconut products increased by 20%, reaching nearly $1.1 billion. Fresh coconut exports saw the highest growth, surging 61% to $390 million. Vietnam’s coconut industry is supported by 200,000 hectares of farmland, producing approximately two million tons of coconuts annually. Notably, one-third of the production meets organic standards set by the U.S. and…

India is targeting a threefold increase in its textile exports, aiming to reach ₹9 lakh crore by 2030, Prime Minister Narendra Modi declared on Sunday. He expressed optimism that this target could be achieved even earlier, driven by the ‘Five Fs’ vision and a $7.5 billion global opportunity in textile waste recycling. Speaking at Bharat Tex 2025 in New Delhi, Modi highlighted that India’s textile exports currently stand at ₹3 lakh crore. The textile sector grew by 7% last year, making India the world’s sixth-largest textile exporter. He urged the industry to strive for double-digit growth in the coming years.…

The Canadian government has denied dairy dumping allegations from New Zealand, Australia, and the United States, asserting that its exports are not increasing. John Babcock, spokesperson for Global Affairs Canada, stated that Canada’s dairy practices comply with trade obligations, with no surge in exports. “Canada holds only about 1% of global dairy trade, and in 2023, our dairy exports actually declined by approximately 3%,” he said. Babcock emphasized that Canada’s supply management system ensures market stability and fair returns for dairy producers. The allegations, led by the Dairy Companies Association of New Zealand (DCANZ) and supported by Australian and US…

India’s plan to raise US trade to $500 billion by 2030, alongside negotiations for a bilateral trade agreement, is expected to significantly boost Indian exports to the US, according to leading exporters. The proposed trade expansion will focus on key sectors such as technology, defence, and green energy, enhancing India’s global competitiveness, exporters noted. Ashwani Kumar, President of the Federation of Indian Export Organisations (FIEO), highlighted the importance of eliminating trade barriers and streamlining processes to achieve the bilateral trade target. Deep Kapuria, Chairman of Hi-Tech Gears and an international trade expert, stated that the $500 billion target is a…

The Uganda-EU Business Insights 2025 Conference has reinforced the growing trade and investment partnership between Uganda and the European Union. Held in Kampala, the high-impact event brought together over 500 stakeholders, including industry leaders, policymakers, investors, and entrepreneurs. The delegates explored new business opportunities and fostered strategic collaborations. A key highlight of the event was a vibrant reception hosted by EU Ambassador to Uganda, H.E. Jan Sadek, which convened executives from Ugandan and European companies, including small and medium enterprises (SMEs). Discussions centered on the transformative potential of cross-border innovation, focusing on Agricultural Technology (AgTech) and Sustainable Mining—two key sectors…

U.S. President Donald Trump has directed his administration to prepare a list of reciprocal tariffs targeting countries, including Canada, that impose what he deems unfair trade barriers, duties, or taxes on American imports. This measure revealed on Thursday is the part of Mr. Trump’s ongoing campaign against perceived unfair trade practices by partners such as China, India, the European Union, Canada, and Mexico, could be implemented within weeks. The proposed countertariffs aim to retaliate against trade barriers imposed on U.S. goods. Experts suggest potential Canadian targets could include the federal digital services tax, goods and services tax, and the country’s…

Pork producers are adopting a cautious yet strategic approach to expansion amid stabilizing profitability and a promising demand outlook for 2025, according to RaboResearch report. While production costs are expected to decline, ongoing challenges related to animal health and global trade uncertainties continue to shape the industry. Producers are prioritizing productivity, cost efficiency, and adapting to evolving consumer preferences. Modest Production Growth Expected in 2025 Despite strong profitability in 2024, herd expansion remains slow, with only slight production increases projected in China, Brazil, and Mexico, while the European Union (EU) and the United States are expected to see declines. Sustainable…

The Bangladesh government has declared furniture as the ‘Product of the Year’ after witnessing a rebound in exports during the first seven months of the current fiscal year, signaling strong potential for growth in the sector. Local furniture manufacturers view this recognition as a milestone and are advocating for policy support, including duty-free raw material imports and bonded warehouse facilities, to further unlock the industry’s export capabilities. According to the Export Promotion Bureau (EPB), Bangladesh’s furniture industry generated $26.67 million in export earnings between July and January of FY 2024-25, marking a 13.65 percent increase compared to the same period…

The Indian government has prohibited the export of raw human hair priced below $65 per kilogram, according to a notification issued on Monday by the Directorate General of Foreign Trade (DGFT). The new policy revises the raw human hair exports from ‘restricted’ to ‘prohibited,’ unless the Free on Board (FOB) value meets or exceeds the stipulated price threshold. The decision follows concerns over the rampant smuggling of raw human hair to countries like Myanmar and China, which has been negatively impacting domestic industries and export markets. Smuggling activities have reportedly led to price distortions and supply chain disruptions, prompting the…