The alternative route  could  also affect  India’s  long-grain rice  exports  to Egypt and European countries,  an official said on condition of anonymity. 

 A senior government official  said the  diversion of  major shipping  companies  to avoid the Red Sea route,  where there have been many  attacks on  ships  by  Houthi  rebels in Yemen,  could  increase export prices. India’s  basmati rice exports  increased  to  15% at 20%. speak. this  agency said. 

 The alternative route  could  also affect  India’s  long-grain rice  exports  to Egypt and European countries,  an official  said  on condition of  anonymity. This comes after  Maersk,  the  world’s second largest  container shipping  line,  said all  grounded ships  previously  scheduled  to  pass  through the Red Sea region  would  now be rerouted around Africa via  Cape of Good Hope for  security  reasons.  

 The official said  India’s  exports  are facing  a  deficit  of about  $4-5  billion this year after  wheat, rice and sugar  exports were cut  amid rising prices. However, India expects growth in exports of other  agricultural products  to offset the export deficit this year, the official said. 

  Maersk  announced on December 15 that it would  suspend  all  ships sailing to  the Gulf of Aden  due to  the  very degraded  security situation in the  region.  “This decision was  made  to ensure the safety of  the  crew,  the vessel  and  customers’ goods on board,”  the  company  said.  

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