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Exporters in Vidarbha report a container shortage, with 800 to 900 loaded rice containers stranded at Nagpur terminals. Freight rates from Mumbai to West Africa rose 25-30% to $1,600-1,700 per container.
Shipping lines blame trade imbalances and lack of vessel space.
Higher container freight and shortages raise export costs and delay shipments, which can slow Indian rice exports and support ocean freight rates.
dst.newsOct 14, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
