Container crisis is affecting to price of rice

The global rice market is going through a multi-faceted crisis in the wake of the global epidemic Corona situation. Added to this is the crisis of cargo containers and cargo, which is delaying the export of rice by sea from various countries, including Thailand. And all this has affected the price of rice. The price of food has skyrocketed during the Corona period. News Bangkok Post and Agreemoney.

Due to the epidemic and lockdown, cargo ships have not been able to crowd in many countries since the middle of the outgoing year. Even if it is crowded, the sailors and those concerned have to stay in quarantine. As a result, the movement of cargo ships is being delayed. Rising costs. This has affected the commodity market. Freight containers and cargo are not available in time for transportation of rice.

Sunrise Limited, the largest rice importer in East Africa, imports rice to Kenya. Mital Shah, managing director of the company, said it used to cost  850-900 to transport a single container from Pakistan to Kenya. Now 1,650 to 2,100 dollars is needed. From this the picture of the crisis in the rice market becomes clear.

Sunbd/NJ