Ongoing disruptions in the Red Sea caused by attacks from Yemen's Houthi rebel group may prompt New Delhi to explore an alternative route through Africa for transporting basmati rice. This shift could potentially result in a price increase of approximately 15-20%. The attacks in the Red Sea are expected to affect India's basmati rice shipments, as the region serves as a vital pathway for oil, liquefied natural gas, and consumer goods transportation. Additionally, it plays a crucial role in accessing the Suez Canal, a pivotal maritime link connecting Asia and Europe.
first published: Dec 29, 2023 02:44 pm
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