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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; India anchors global capability West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Ceasefire talks fail to restore vessel movement in Strait of Hormuz, fate of 599 ships remain inconclusive DMRC launches mid-life refurbishment of Blue Line trains to enhance safety and passenger experience Retail inflation likely rose 3.5-4% in March India-UK free trade pact may come into force from second week of May: Official 'West Asia war a good opportunity for energy reforms, lower costs for industry' India’s marine exports surge to ₹62,408 crore in 2024-25, Govt sets ₹1 lakh crore target PM Modi to inaugurate Dehradun-Delhi Expressway on April 14
Basmati rice exporters urge govt action on shipping charg...
2026-04-27 · via Economy News, Latest Economic News Today | The HinduBusinessLine

Basmati Rice Farmers and Exporters Development Forum (BRFEDF) on Monday called on the government to take urgent action against what it described as arbitrary and opaque shipping charges that have made exports commercially unviable for many traders.

The forum said war-risk surcharges have ranged from $800 to $6,000 per container, often imposed without prior notice or revised after cargo has already moved. In some cases, cumulative charges have reached 60 to 70 per cent of the cargo value. “Exporters are effectively being asked to absorb open-ended financial liability for circumstances entirely beyond their control,” Forum Chairperson Priyanka Mittal said in a statement.

The West Asia crisis has prompted shipping lines to unilaterally divert cargo to ports including Jebel Ali, Sohar and Salalah, hold containers at transshipment hubs with no clarity on onward movement, and in some cases return containers to origin ports.

Exporters say they bear the full financial cost of these decisions despite having no say in them.

BRFEDF demanded that the ministry link charges strictly to services rendered, require shipping lines to release containers without tying returns to disputed fees, and establish clear regulatory guidelines for cargo handling during geopolitical disruptions.

The forum acknowledged that India’s Directorate General of Shipping had formally logged exporter grievances and assigned tracking numbers for submission to an inter-ministerial group, but said conditions on the ground remained “extremely challenging.” Smaller exporters have been hit hardest, with the forum citing a sharp imbalance in bargaining power between large global carriers and individual traders, leaving many with little recourse. Some said the accumulating charges had forced them to consider abandoning cargo altogether.

“If left unaddressed, such practices risk setting a precedent that could undermine confidence in India’s maritime trade framework,” Mittal said.

Published on April 27, 2026