Middle East war drives up Indian rice shipping costs
Indian rice exports are slowing as rising freight and insurance costs hinder new deals. Logistics issues and blocked routes delay Middle East deliveries.
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Xurve View
India is experiencing a significant slowdown in its rice exports as the United States-Israel war on Iran drives up freight and insurance costs. This disruption is particularly impactful as India accounts for more than 40% of the global rice trade, typically shipping more than the combined exports of the next three biggest suppliers: Thailand, Vietnam, and Pakistan. Rising freight rates are alarming both buyers and sellers, leading to a substantial decrease in the signing of new export deals.
