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Export cargo worth about INR 345 crore destined for Iran is currently stranded at Gujarat's Kandla and Mundra ports due to disruptions in shipping operations caused by the ongoing West Asian crisis. The government informed Parliament that consignments including rice, tea and pharmaceuticals remain stuck as vessel movement has been affected. Data shared in the Lok Sabha indicated that around 35,962 tonnes of cargo valued at INR 305.67 crore is lying at Kandla port, while 5,676 tonnes worth INR 40.72 crore is awaiting shipment at Mundra port. Officials stated that the conflict involving Iran has disrupted maritime logistics in the region, affecting cargo movement. Iran remains a major buyer of Indian basmati rice, making the disruption significant for exporters and agricultural trade.
Export cargo valued at around INR 345 crore destined for Iran is currently stranded at Gujarat's Kandla and Mundra ports due to disruptions in maritime shipping linked to the ongoing crisis in West Asia, the government informed Parliament earlier this week. Advertisement
In a written reply to the Lok Sabha, Minister of State for Commerce and Industry Jitin Prasada stated that cargo movement has been affected due to disruptions in shipping and port operations caused by the regional conflict.
According to data provided by the ministry, consignments including rice, tea and pharmaceutical products weighing approximately 35,962 tonnes and valued at INR 305.67 crore are currently lying at Kandla port awaiting shipment to Iran. In addition, cargo weighing about 5,676 tonnes with a Free on Board (FOB) value of INR 40.72 crore is stranded at Mundra port, which was also intended for export to Iran.
The minister explained that India's trade relationship with Iran is largely concentrated in agricultural commodities and pharmaceutical products. The ongoing geopolitical developments in West Asia have disrupted shipping movements and logistics networks in the region, affecting the ability of exporters to transport goods to Iranian ports.
Shipping disruptions have intensified after a joint military action reportedly carried out by the United States and Israel against Iran, which has affected maritime activity in the region. As a result, shipping companies have been exercising caution, and vessel movement through certain routes has been impacted.
Iran is one of the largest buyers of Indian basmati rice, making the current disruption significant for exporters as well as for India's agricultural trade flows. Official data indicates that during the April-January period of the current financial year, India exported basmati rice worth INR 5,424.24 crore, equivalent to 790,691 tonnes, to Iran.
This represents an increase compared with the same period in the previous financial year, when India exported basmati rice worth INR 4,861.83 crore, amounting to 627,030 tonnes, to the Iranian market.
Despite the ongoing disruptions, the government clarified that, as of now, tariffs imposed by the United States on countries conducting business with Iran have not been implemented in a manner that affects India's trade with the country.
Exporters and logistics operators are monitoring the situation closely as the conflict continues to influence shipping routes and port operations across parts of West Asia. Prolonged disruptions could affect export schedules, cargo storage at ports and supply chains linked to agricultural commodities and pharmaceutical products destined for Iran.
Industry stakeholders are expected to assess alternative shipping arrangements if maritime disruptions persist, while authorities continue to track the impact on trade flows and port operations.
Source - PTI
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