# Indian agri export business hit hard by outbreak in European Union, West Asia

> Non-basmati rice shipments from southern Indian ports have nearly stopped, with exporters reporting a 90% loss of business since January. Container shortages and higher freight rates are compounding the disruption to exports to the EU, West Asia and Southeast Asia.

- Date: 2020-03-20 · published 2020-03-20T12:00:00.000Z
- Category: logistics · region India · magnitude medium
- Page: https://feedsoft.ai/events/54085-indian-agri-export-business-hit-hard-by-outbreak-in-european-union-west-asia
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Stalled Indian rice exports reduce global supply and raise freight costs, which supports international rice prices while hurting exporters' volumes.

## Read by commodity

- RICE: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2020-07-31 | [Virus slows Indian rice exports; heavy flooding hits Bangladesh - The HinduBusinessLine](https://feedsoft.ai/events/52087-virus-slows-indian-rice-exports-heavy-flooding-hits-bangladesh-the.md) | -0.5% | +9.4% |
| RICE | 2020-09-11 | [ieport News on India's Export Import Matters: India rice prices hit 18-month peak as coronavirus strains export logistics](https://feedsoft.ai/events/51190-ieport-news-on-india-s-export-import-matters-india-rice-prices-hit-18-month.md) | -2.6% | +0.6% |
| RICE | 2020-04-06 | [EXCLUSIVE-Indian rice exports suspended on supply chain disruption -industry](https://feedsoft.ai/events/53615-exclusive-indian-rice-exports-suspended-on-supply-chain-disruption-industry.md) | -1.5% | +11.3% |
| RICE | 2020-08-17 | [Vietnamese rice export prices climb to over 8-year high - Markets - Business Recorder](https://feedsoft.ai/events/51704-vietnamese-rice-export-prices-climb-to-over-8-year-high-markets-business.md) | +3.4% | +2.7% |
| RICE | 2021-08-17 | [Rice exports from India to take a hit this year - Commodities News \| The Financial Express](https://feedsoft.ai/events/45523-rice-exports-from-india-to-take-a-hit-this-year-commodities-news-the-financial.md) | -1.2% | -0.8% |

## Sources

- livemint.com: https://www.livemint.com/news/india/covid-19-farm-exports-take-a-hit-11584707252512.html

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