High Shipping Costs Threaten India's Basmati Rice Export Competitiveness

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India's basmati rice exports are facing a significant challenge due to sharply increased shipping costs. Freight rates have surged from approximately $350 per container to over $900, according to a report in the Economic Times. This dramatic increase is eroding the price competitiveness of Indian basmati in key international markets. Exporters warn that sustained high shipping costs could impact export volumes if the situation persists.

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