Indian exports pick up as additional port opened
Updated:
Updated:
February 19, 2021 12:03 IST
India s 5% broken par boiled variety of rice eased to $395-$401 a tonne from last week s multi-year high of $402-$408.
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Reuters
India s 5% broken par boiled variety of rice eased to $395-$401 a tonne from last week s multi-year high of $402-$408.
Indian rice exports gained momentum this week after an additional port was opened in the country s biggest rice-handling facility, potentially easing congestion.
Waiting periods at the Kakinada Anchorage Port had reached up to four weeks, compared with about a week normally, because of congestion at the port.
RPT-ASIA RICE-Indian exports pick up as additional port opened agriculture.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from agriculture.com Daily Mail and Mail on Sunday newspapers.
Rice exports pick up momentum on easing of congestion at Kakinada port
Reuters
February 18 |
Updated on
February 19, 2021
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Indian rice exports gained momentum this week after an additional port was opened in the country’s biggest rice-handling facility, potentially easing congestion.
Waiting periods at the Kakinada Anchorage Port had reached up to four weeks, compared with about a week normally, because of congestion at the port.
“From Saturday we have started using Kakinada deep water port,” said BV. Krishna Rao, president of the Rice Exporters Association of India, adding that this will reduce waiting time sand accelerate overall exports.
Rao said that exporters’ resulting savings in demurrage fees could be passed on to farmers and overseas buyers.
India rice exports pick up as additional port opened yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
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By K. Sathya Narayanan
Feb 18 (Reuters) - Indian rice exports gained momentum this
week after an additional port was opened in the country s
biggest rice-handling facility, potentially easing congestion.
Waiting periods at the Kakinada Anchorage Port had reached
up to four weeks, compared with about a week normally, because
of congestion at the port. From Saturday we have started using Kakinada deepwater
port, said B.V. Krishna Rao, president of the Rice Exporters
Association of India, adding that this will reduce waiting times
and accelerate overall exports.