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“Some of the increase was offset by decrease in exports petroleum products, iron ore, and leather and leather manufactures over 2019-20,” the commerce and industry ministry said. ....
Synopsis Container shortage has further added to the woes of exporters as finding empty containers is also a daunting task, said exporters, alleging that hoarding of containers by China created a shortage and fuelled rates. iStock (This story originally appeared in on Aug 03, 2021)AHMEDABAD: At a time when export prospects are looking up with recovery in global trade, container shortage and spiralling container freight rates continue to haunt exporters. This twin blow is feared to hit exports. Container freight rates had doubled and trebled in May depending upon the destination of consignments. The situation has worsened as freight charges continue to move upwards unabatedly, said exporters. ....