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Kolkata port: Exports from Kolkata port may be hit due to soaring freight rate, rice ban, geopolitical turmoil

Exports from Kolkata port, a key gateway to eastern India, are facing challenges such as geopolitical tensions, a government-imposed rice export ban, and soaring ocean freight costs. Key export items like engineering goods, shrimp, and rice have been impacted. Freight charges, especially for West Coast destinations, have surged by 30-50% since December 2023 due to the conflict in the Red Sea, leading to rerouting of vessels. ....

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Centre allows 75,000 tons non-basmati white rice exports to UAE

In a notification, the Directorate General of Foreign Trade (DGFT) said: “Export of 75,000 MT of non-Basmati white rice to the UAE is permitted through National Cooperative Exports Limited.” India exported $2.2 billion of non-Basmati white rice in FY23 of which Kenya, Madagascar, Benin and the UAE were among the top destinations. ....

Lok Sabha , Foreign Trade Development Regulation , National Cooperative Exports Limited , Directorate General , Foreign Trade , Foreign Trade Policy , Non Basmati White Rice , Directorate General Of Foreign Trade , White Rice , Brice Ban ,