The shortage of shipping containers have impacted the sugar export from India as the demand continues high in the global market.
According to the news report published in Bloomberquint.com, Ravi Gupta, president of Shree Renuka Sugars Ltd, said, “India has exported 70,000 tonnes of white sugar this month as compared with 370,000 tonnes in January 2020.”
The container shortage has been created as the global demand for goods has rebounded sharply than expected in the second half of 2020. The geopolitical tensions with China have also affected the availability of containers in the country.
“The shortage of containers is affecting the white sugar export on a large scale. The sugar demand continues to increase from Afghanistan, Sri Lanka and East Africa but the lack of containers is leading to the slow movement of sugar from India. The mills are expected to export 200,000 tonnes of sugar including raw sugar this month,” he further added.