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After India banned exports of non-basmati rice to cool local prices, buyers have requested early shipments of basmati rice, according to industry officials. They are fearful that the government may halt basmati exports too. The industry has assured buyers that the government has no plans for a ban but some remain wary. ....
They have to get around the world. and only recently, the supply chains, they were gripped in chaos following the covid pandemic. so how is all of this now playing out? well, my next guest runs one of the biggest freight, shipping and transport companies in the world. jeremy nixon, good to see you and thanks forjoining us. and jeremy, let s start with this because we ve seen all these heat waves and floods and export bans on rice from india. just to take a few examples, i m wondering how is that playing out in terms of transporting goods and the costs of that? aaron, great to talk to you. i thinkjust generally, in terms of of crops, you know, we move a lot of products still in containers which are commodity related. so, you know, for example, the rice ban in india in the last couple of weeks i mean, as an industry, we move actually a lot of rice in containers. and so we won t be moving so many containers of rice out of india. but the final markets where that indian rice was being con ....
Weather to comply as well. well, on that not so rosy point, kona haque, always great to see you. thanks for your time and we ll talk to you soon. thank you so much. okay. so once the crops have grown, they have to get around the world. and only recently, the supply chains, they were gripped in chaos following the covid pandemic. so how is all of this now playing out? well, my next guest runs one of the biggest freight, shipping and transport companies in the world. jeremy nixon, good to see you and thanks forjoining us. and jeremy, let s start with this because we ve seen all these heat waves and floods and export bans on rice from india. just to take a few examples, i m wondering how is that playing out in terms of transporting goods and the costs of that? great to talk to you. i thinkjust generally, in terms of of crops, you know, we move a lot of products still in containers which are commodity related. so, you know, for example, the rice ban in india in the last couple of weeks, i ....
Still in containers which are commodity related. so, you know, for example, the rice ban in india in the last couple of weeks, i mean, as an industry, we move actually a lot of rice in containers. and so we won t be moving so many containers of rice out of india. but the final markets where that indian rice was being consumed will now have to source rice out of other markets. so the product will still have to move. and it s very similar with the fruit and vegetables, the proteins and the meats that we move. we often see some seasonality reason or some political tariffs coming in in one particular location, and therefore countries stop sourcing from one particular country or region, but they have to source from somewhere else. so fundamentally, we have the flexibility to move our containers around the world on different networks to be able to keep that flow going. but on the land side operation, we continue to see increasing inflationary costs coming through, on transport costs, ....
In terms of transporting goods and the costs and i thinkjust generally in terms of of crops, you know, we move a lot of products still in containers which are commodity related. so, you know, for example, the rice ban in india the last couple ban in india in the last couple of weeks, i mean, as an industry, we move actually a lot of rice in containers. and so we won t be moving so many containers of rice out of india. but the final markets where that indian rice was being consumed will now have to source rice out of other markets. so the product will still have to move. and it s very similar with the fruit and vegetables, the proteins and the meats that we move. we often see some seasonality reason or some political tariffs coming in in one particular location, and therefore countries stop sourcing from one particular country or region, but they have to source from somewhere else. so fundamentally, we have the flexibility to move our containers around the world on different networks to ....