Basmati rice exporters urge govt action on shipping charges amid West Asia crisis
Basmati Rice Farmers & Exporters Development Forum has urged the government to act against steep and unpredictable shipping costs, warning that war-risk surcharges of $800–$6,000 per container—sometimes up to 70% of cargo value—are making basmati exports commercially unviable.
New Delhi: Basmati Rice Farmers & Exporters Development Forum (BRFEDF) on Monday called on the government to take urgent action against what it described as arbitrary and opaque shipping charges that have made exports commercially unviable for many traders.
The forum said war-risk surcharges have ranged from USD 800 to USD 6,000 per container, often imposed without prior notice or revised after cargo has already moved. In some cases, cumulative charges have reached 60 to 70 per cent of the cargo value.
“Exporters are effectively being asked to absorb open-ended financial liability for circumstances entirely beyond their control,” Forum Chairperson Priyanka Mittal said in a statement.
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Source : The Economic Times
