Coronavirus impact: Seafood exports to China takes a major hit

Coronavirus impact: Seafood exports to China takes a major hit
SECTIONS
Share
Synopsis
Non-payments, as also delayed payments, by many importers in China and allegedly unreasonable post-shipment, transhipment and vessel waiting charges by shipping lines have become a regular feature, with no intervention from India’s trade authorities, said exporters.
Agencies
Exporters also said that freight rates have been progressively increased for reefer containers to the US to about $6,500 from $3,500 in March 2020.
Marine exports from India, mainly from the west coast of the country, have taken a hit as Chinese buyers fear the presence of Covid-19 in the packing material. China accounts for nearly 25% of India's marine exports. Seafood exporters said they are facing the brunt of non-payments and delayed payments by many Chinese importers.

Related Keywords

China , India , Chinese , Rajarshi Banerjee , Seafood Exporters Association Of India , Maersk , Seafood Exporters Association , West Bengal , Maersk Line , Marine Exports , Seafood Exporters , Trade Authorities , சீனா , இந்தியா , சீன , ராஜர்ஷி பானர்ஜி , கடல் உணவு ஏற்றுமதியாளர்கள் சங்கம் ஆஃப் இந்தியா , மெர்ஸ்க் , கடல் உணவு ஏற்றுமதியாளர்கள் சங்கம் , மேற்கு பெங்கல் , மெர்ஸ்க் வரி , கடல் ஏற்றுமதிகள் , கடல் உணவு ஏற்றுமதியாளர்கள் , வர்த்தகம் அதிகாரிகள் ,