business ๐ข Freight costs jump 3-4x for Indian exporters
Freight costs to the US and Europe have surged by three to four times for Indian exporters recently. This dramatic increase means exporters are now paying over $9,000 per container instead of the previous $3,000. This is happening as the festive and agricultural seasons approach in Western markets. Disruptions in vessel schedules, partly due to the Red Sea crisis, are making timely shipping very hard. Exporters must bear these high costs to avoid missing the peak demand period.