{"id":12846,"date":"2023-12-28T15:51:43","date_gmt":"2023-12-28T15:51:43","guid":{"rendered":"https:\/\/ricenewstoday.com\/?p=12846"},"modified":"2023-12-28T15:53:29","modified_gmt":"2023-12-28T15:53:29","slug":"i-am-told-rice-exports-are-impacted-by-problems-in-red-sea-goyal","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/i-am-told-rice-exports-are-impacted-by-problems-in-red-sea-goyal\/","title":{"rendered":"I am told rice exports are impacted by problems in Red Sea: Goyal"},"content":{"rendered":"\n
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Commerce and Industry Minister Piyush Goyal on Thursday said rice exports have been impacted by the problems in the Red Sea, though a clear picture will emerge after the December exports data is known.<\/p>\n\n\n\n

The situation around the Bab-el-Mandeb Strait, a crucial shipping route connecting the Red Sea and the Mediterranean Sea to the Indian Ocean, has escalated due to recent attacks by Yemen-based Houthi militants.<\/p>\n\n\n\n

On the impact of the Red Sea problem on India’s exports, the minister said: ”So far no immediate impact we have observed…One industry which has got affected I am told is rice exports, but more details will be known once we get this December (export) figures”.<\/p>\n\n\n\n

The strait, vital for 30 per cent of global container traffic, has seen increased tensions with various incidents in 2023, including attacks and military manoeuvres by regional and global powers.<\/p>\n\n\n\n

The Bab-el-Mandeb Strait, also known as the ”Gate of Tears” in Arabic, is a crucial trade route that connects the Mediterranean Sea and the Indian Ocean via the Red Sea and the Suez Canal. It separates Africa from the Arabian Peninsula.<\/p>\n\n\n\n

According to exporters, India’s basmati rice shipments to countries like Egypt and European countries may get hit if the conflict in the Red Sea escalates.<\/p>\n\n\n\n

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)<\/p>\n","protected":false},"excerpt":{"rendered":"

Commerce and Industry Minister Piyush Goyal on Thursday said rice exports have been impacted by the problems in the Red Sea, though a clear picture will emerge after the December exports data is known. 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