News / India forced to halt agri exports as freight rates hit 'unviable' heights

© Manassanant Pamai

Red Sea crisis-induced supply chain disruption seems to have severely crimped the ability of Indian agricultural exporters to ship their commodities to global markets.

Agri exports from India are mainly containerised grains, oil seeds, pulses, rice, sugar and vegetable oil, with Africa the top destination.

But several leading agri trading houses have halted export movements in the wake of soaring ocean rates and equipment availability issues over the past month or so, according to industry sources.

They noted that the crisis had effectively ...