Coronavirus impact: Seafood exports to China takes a major hit
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Non-payments, as also delayed payments, by many importers in China and allegedly unreasonable post-shipment, transhipment and vessel waiting charges by shipping lines have become a regular feature, with no intervention from India’s trade authorities, said exporters.
Agencies
Exporters also said that freight rates have been progressively increased for reefer containers to the US to about $6,500 from $3,500 in March 2020.
Marine exports from India, mainly from the west coast of the country, have taken a hit as Chinese buyers fear the presence of Covid-19 in the packing material. China accounts for nearly 25% of India s marine exports. Seafood exporters said they are facing the brunt of non-payments and delayed payments by many Chinese importers.
Monthly Economic Highlights – November 2020
02/17/2021 | 05:11am EDT
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