Indian exporters expect vegetable export demand to fall 15-20%
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Indian vegetable exporters expect demand from the UK, a major buyer and a hub for the European market, to fall 15-20% because of lockdowns in that country, industry executives said.
Agencies
New Delhi: Indian vegetable exporters expect demand from the UK, a major buyer and a hub for the European market, to fall 15-20% because of lockdowns in that country, industry executives said. There is also a likelihood of airfreight rates to be increased by airlines in the short run, said Sunil Awari, general manager at Bengaluru-based Namdhari Farm Fresh. There is also a risk of losing business if any UK buyer declines delivery of committed orders, he added.