India's rice exports are severely disrupted due to lack of shipping vessels
Rice
India
Published Jan 18, 2022
Tridge summary
Slowing export activity in India, the world's largest rice exporter, has helped rival suppliers such as Thailand, Myanmar and Vietnam increase export volumes at higher prices. And this slowdown may force the Indian government to increase purchases of rice and rice from farmers. According to the companies, orders of more than 500,000 tonnes of non-basmati rice that needed to be shipped to ports on India's east coast from the central state of Chhattisgarh have been stuck due to a lack of cargo ships. . This is part of about 1.5 million tonnes of rice that India has planned to export in the first month of the year.
Original content
"Consignments cannot move from production centers to ports because of the scarcity of freight trains," said Nitin Gupta, vice president of Olam India. Currently, there is no clear information on the availability of trains so no one has signed new orders. The railway authorities of India have diverted trains to transport fertilizers and serve coal-fired power plants, to ensure sufficient electricity supply this winter, after the power plants run out. coal a few months ago. Mr. Himanshu Agarwal, Managing Director at Satyam Balajee, India's largest rice exporter, said delays in shipments in the South Asian country are having a heavy impact on exporters, amid rising prices. ships increase to $30,000/day and some exporters need to pay up to $500,000 in container storage fees at the port. This blows away the entire profit of the business. Enterprises have started to quote higher export rice prices for international orders to compensate for higher container storage fees at ports, and the ...
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