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Category: importers

  • Why importers face losses on KRA impasse with insurers

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    Investor Empires

    Importers face the risk of higher storage costs as thousands of shipments are delayed due to disputes between the Kenya Revenue Authority and insurance companies over new fees imposed on the system used to process customs bond insurance. Customs bond insurance is a guarantee to the Kenya Revenue Authority that…

  • Indian importers favour FX options as rupee holds steady, premiums soar By Reuters

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    Investor Empires

    Written by Nimesh Vora and Jasprit Kalra MUMBAI (Reuters) – Indian importers are exploring options strategies to hedge against currency risk amid muted rupee volatility, moving away from outright futures contracts that have become expensive, traders said. Insurance premiums, which reflect the interest rate differential between the US and India,…

  • Brexit Checks Could Inflate UK Food Import Costs by Up to 60%, Warn Importers

    Brexit Checks Could Inflate UK Food Import Costs by Up to 60%, Warn Importers

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    bitlyfool

    UK food importers are sounding the alarm over post-Brexit checks, warning of potential cost increases of up to 60%, which could lead to higher prices for consumers and pose existential threats to some businesses. After five previous delays, the UK government implemented physical checks on animal and plant products coming…