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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