India lines up deepwater port for rice, exports to surge amid global shortage
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Last Updated: Feb 04, 2021, 02:13 PM IST
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Congestion at the Kakinada Anchorage Port, India s biggest rice-handling facility, had led to a waiting period of up to four weeks compared with the normal wait of about a week, raising costs for shippers and limiting exports, said B.V. Krishna Rao, president of the Rice Exporters Association of India.
MUMBAI: India s southern state of Andhra Pradesh will use a deepwater port to export rice for the first time in decades amid a global shortage of the grain, according to a government order seen by Reuters, which could raise shipments this year by a fifth.
India s southern state of Andhra Pradesh will use a deepwater port to export rice for the first time in decades amid a global shortage of the grain, according to a government order seen by Reuters, which could raise shipments this year by a fifth. The order, issued late on Wednesday, allows Kakinada Deep Water Port to handle rice until more capacity is created at the adjoining Anchorage Port. Congestion at the Kakinada Anchorage Port, India s biggest rice-handling facility, had led to a waiting period of up to four weeks compared with the normal wait of about a week, raising costs for shippers and limiting exports, said B.V. Krishna Rao, president of the Rice Exporters Association of India.
India lines up deepwater port for rice
Exports to surge amid global shortage
A worker packs a sack filled with rice on the outskirts of Ahmedabad. Photo: Reuters/file Reuters, Mumbai Reuters, Mumbai
India s southern state of Andhra Pradesh will use a deepwater port to export rice for the first time in decades amid a global shortage of the grain, according to a government order seen by Reuters, which could raise shipments this year by a fifth.
The order, issued late on Wednesday, allows Kakinada Deep Water Port to handle rice until more capacity is created at the adjoining Anchorage Port.
More shipments from the world s biggest rice exporter could cool global prices. (Representational)
Mumbai:
Andhra Pradesh will use a deepwater port to export rice for the first time in decades amid a global shortage of the grain, according to a government order seen by Reuters, which could raise shipments this year by a fifth.
The order, issued late on Wednesday, allows Kakinada Deep Water Port to handle rice until more capacity is created at the adjoining Anchorage Port.
Congestion at the Kakinada Anchorage Port, India s biggest rice-handling facility, had led to a waiting period of up to four weeks compared with the normal wait of about a week, raising costs for shippers and limiting exports, said BV Krishna Rao, president of the Rice Exporters Association of India.
Indian rice shipping delays come at bad time as consumer demand spikes
The global rice market is grappling with logistical disruptions at major supply ports caused by a lack of shipping containers at the same time a worldwide rush to stockpile food is spurring demand for the staple grain.
The logistics difficulties illustrate the way the COVID-19 pandemic has upended the global trade in finished goods and raw commodities.
As the pull of goods to Europe and the United States has left Asia short of the shipping containers needed to move materials, rice shipments from both India, the world’s biggest rice exporter, and Thailand, the world’s second-biggest supplier, are facing delays.