Container shortage and high freight likely to affect India’s agricultural exports
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Synopsis
Cheaper Indian rice saw much demand from Middle East during the pandemic due to problems in rice production of countries like Thailand and Vietnam and helped increase Indian rice exports during the ongoing fiscal.
Cheaper Indian rice saw much demand from Middle East during the pandemic due to problems in rice production of countries like Thailand and Vietnam and helped increase Indian rice exports during the ongoing fiscal.
Ocean freight has doubled and trebled because of a severe shortage of containers and delays have started affecting India’s export of major agricultural products like rice, grapes, cotton as also engineering goods. A decline in containers coming from China due to fall in imports from that country has boosted container shortages.