Mumbai, 16 Dec (Commoditiescontrol):Global shipping disruptions are poised to prolong the delivery and escalate the cost of key pulses, including Masur and Matar, from North American sources. Leading maritime companies, notably AP Møller-Mærsk, have halted Red Sea passages due to rising threats from Yemeni insurgents. This decision directly affects the Suez Canal, a vital corridor for both container and crude oil transport.
Industry analysts highlight that the alternative maritime route via the Cape of Good Hope, connecting Europe and Asia, extends transit times by an additional two to three weeks, varying with the final destination. Consequently, this rerouting is expected to cause significant delays in container shipments and bolster freight prices.
This development is anticipated to elevate the landed cost of pulses, including Masur and yellow peas, leading to potential supply delays. Consequently, these factors could drive up pulse prices in the Indian subcontinent.
(By Commoditiescontrol Bureau: 09820130172)
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