{"id":12858,"date":"2023-12-28T16:12:56","date_gmt":"2023-12-28T16:12:56","guid":{"rendered":"https:\/\/ricenewstoday.com\/?p=12858"},"modified":"2023-12-28T16:13:17","modified_gmt":"2023-12-28T16:13:17","slug":"basmati-rice-price-falls-in-india-as-exports-hit-amid-red-sea-attacks-details-here","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/basmati-rice-price-falls-in-india-as-exports-hit-amid-red-sea-attacks-details-here\/","title":{"rendered":"Basmati Rice Price Falls In India As Exports Hit Amid Red Sea Attacks; Details Here"},"content":{"rendered":"\n<h6 class=\"wp-block-heading\">Freight charge to Yemen has now increased to $2,400 per container from $850 earlier; freight rates to Jeddah have jumped from $300 per container to $1,500 now<\/h6>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"510\" height=\"340\" src=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/image-46.png\" alt=\"\" class=\"wp-image-12859\" srcset=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/image-46.png 510w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/image-46-300x200.png 300w\" sizes=\"(max-width: 510px) 100vw, 510px\" \/><\/figure>\n\n\n\n<p><p id=\"0\" class=\"story_para_0\" style=\"margin-right: 0px; margin-bottom: 15px; margin-left: 0px; padding: 15px 0px 0px; outline: 0px; box-sizing: border-box; font-family: &quot;PT Serif&quot;, serif; font-size: 18px; line-height: 26px; white-space-collapse: collapse;\">Basmati rice prices have fallen 5-10 per cent in the domestic market as its exports have reduced due to militant attacks against merchant ships in the Red Sea, according to an\u00a0<em style=\"margin: 0px; padding: 0px; outline: 0px;\">Economic Times\u00a0<\/em>report quoting exporters.The attacks by Yaman\u2019s Houthis have prompted shipping lines to avoid the Suez Canal route, impacting sunflower oil imports also from Russia and Ukraine. According to the\u00a0<em style=\"margin: 0px; padding: 0px; outline: 0px;\">ET<\/em>\u00a0report quoting trade insiders, sunflower oil prices in India is likely to go up by 3-4 per cent due to this.In the international market, sunflower oil prices have jumped $30 per tonne in the past one week to $940 per tonne.The freight charge to Yemen was $850 per container earlier, which has now increased to $2,400 following the attacks. Similarly, freight rates to Jeddah have jumped from $300 per container to $1,500 now. The rate to Durban has risen to $700 per container, against $1,200 earlier.<\/p><\/p>\n\n\n\n<p id=\"4\">\u201cDue to this freight hike, buyers are not taking cargo this time. As a result, prices of basmati rice have fallen in the domestic market now,\u201d said Vijay Setia, former president of All India Rice Exporters Association, according to the&nbsp;<em>ET<\/em>&nbsp;report.<\/p>\n\n\n\n<p id=\"5\">India exports 4-4.5 million tonnes of basmati rice per year and the Gulf countries account for about 80 per cent of all basmati exports.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Freight charge to Yemen has now increased to $2,400 per container from $850 earlier; freight rates to Jeddah have jumped from $300 per container to $1,500 now Basmati rice prices have fallen 5-10 per cent in the domestic market as its exports have reduced due to militant attacks against merchant ships in the Red Sea, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12859,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176],"tags":[393,215,46,167,160,159],"class_list":["post-12858","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-rice-prices","tag-basmati-rice","tag-asian-rice","tag-indian-rice","tag-rice-export","tag-global-rice-news"],"acf":{"enable_premium_overlay":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Basmati Rice Price Falls In India As Exports Hit Amid Red Sea Attacks; 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