# English News

> Container shortages have sharply raised the cost of shipping Indian rice, with container rates reportedly rising to $7,000-$10,000 from $3,000-$4,000. Transit times to the US have also lengthened from about 90 days to about 150 days, although rice prices are easing as other Asian suppliers return to market.

- Date: 2021-11-23 · published 2021-11-23T12:00:00.000Z
- Category: logistics · region India · magnitude low
- Page: https://feedsoft.ai/events/44027-english-news
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher freight and longer transit times raise landed costs and limit Indian rice export competitiveness. Easing global rice prices and returning Thai and Vietnamese supply offset some of this support.

## Read by commodity

- RICE: neutral
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2020-09-21 | [Port of Lake Charles to Resume Shipments — Louisiana Farm Bureau News](https://feedsoft.ai/events/51188-port-of-lake-charles-to-resume-shipments-louisiana-farm-bureau-news.md) | -0.5% | -1.1% |
| RICE | 2020-05-09 | [Rice exports to Bangladesh via West Bengal likely to begin soon \| The Business Standard](https://feedsoft.ai/events/53103-rice-exports-to-bangladesh-via-west-bengal-likely-to-begin-soon-the-business.md) | -4.1% | +14.2% |
| RICE | 2021-07-15 | [Rice sector revisits tactics as exports hit \| The Phnom Penh Post](https://feedsoft.ai/events/46157-rice-sector-revisits-tactics-as-exports-hit-the-phnom-penh-post.md) | +3.7% | +4.7% |
| RICE | 2021-12-06 | [Importers to pay N300b freight rates on foreign rice to Nigeria, others \| The Nation](https://feedsoft.ai/events/43667-importers-to-pay-n300b-freight-rates-on-foreign-rice-to-nigeria-others-the.md) | -1.7% | +2.6% |
| RICE | 2020-03-19 | [Rice price stabilised thanks to increase in supply, federation says \| Vietstock](https://feedsoft.ai/events/7424-rice-price-stabilised-thanks-to-increase-in-supply-federation-says-vietstock.md) | -4.7% | +0.2% |

## Sources

- indianarrative.com: https://www.indianarrative.com/economy-news/despite-healthy-rice-production-shortage-of-containers-hamper-exports-28228.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.