Workers shovel harvested rice onto a pile to dry at a wholesale market in Narvana, India. India is the world’s top rice exporter, accounting for around 40 per cent of global
Freight charges, especially for West Coast destinations, have surged by 30-50% since December last year due to the escalating conflict in the Red Sea, according to the officials.
India, which accounts for roughly a quarter of global world rice production, has been restricting overseas sales of rice. Meanwhile shipping routes have been undermined by Houthi
Spot container freight rates from Asia – Europe have more than doubled over the last two weeks as lines divert via the Cape of Good Hope to avoid attacks in the Red Sea.
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
A prolonged disruption to the supply of goods in the Red Sea due to attacks by Yemen’s Houthi rebel group could lead to New Delhi considering an alternate route along Africa for
India needs to work on finding alternate trade routes in the sea as heavy reliance on the Bab-el-Mandeb Strait, a key route crossing Red Sea, could impact trade with West Asia,
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