Vietnam bans groundnut import from India

Fourteen months after lifting the ban on groundnut imports from India, Vietnam has imposed a temporary restriction on the commodity over quality issues. Groundnut contributes a little over five per cent to India's overall agri trade registered with the Agricultural & Processed Food Products Export Development Authority (Apeda) Nifty Trading Tips



Following a similar ban that was imposed by the government of Vietnam in 2015, trade officials from India and Vietnam mutually agreed on a standard operating practice (SOP) under which units registered with the plant quarantine (PQ) department were allowed to export groundnut from India. Presumably, these units comply with the hygiene and other sanitary requirements. Future & Option Trading Tips

After a stringent quality specification was set between the officials of the two countries, Vietnam opened up its market to Indian exporters in January 2016. Despite mutually agreed quality specifications being in place, the plant quarantine department used to carry out continuous monitoring of export-oriented units for fumigation and other quality aspects of exportable shipments. Financial Astrology Tips