## Company Profile Ashapura Logistics Ltd — India-based freight forwarder and logistics services provider. Public website lists multiple Indian locations and services across sea and air freight, customs clearance and distribution/warehousing. Serves exporters across India (notably agricultural and general cargo shippers) and manages bookings, documentation and last‑mile delivery for international trade lanes. Appears positioned as a national forwarder handling export containers and consolidated shipments from Indian ports to Middle East, Europe and Africa. ## Pain Points 1) Route diversion and freight re‑pricing: Red Sea security has forced Cape reroutings that extend transit 10–20 days and raise freight and emergency surcharges ~40–50% — Ashapura’s agri clients face higher landed costs, schedule failures and cancellation risk. 2) Export policy volatility & origin switching: Indian rice and onion exporters operate under intermittent bans/MEPs, causing abrupt booking changes and buyer substitution; forwarders must manage last‑minute market access and alternate buyers. 3) Need for more flexible market access and real‑time sourcing: Clients want rapid alternative buyer matches, multi‑origin procurement options and execution (sea/air/sea‑air) to avoid stranded inventory and keep contracts — a service gap Ashapura can fill by partnering with Tridge Ark. ## Intel Summary === MARKET_INTELLIGENCE === Below is a structured read‑out by your three requested dimensions, focused on: (1) what is actually happening in early 2026, (2) what it implies for Indian agri exporters (rice/spices/onion/pulses), and (3) what to watch if you’re supplying into Indian shippers. --- ## 1. Market events (India–world container trade, 2026) ### 1.1 Container freight & routing – India to Europe, ME, Africa **Red Sea / Suez situation (Q1–Q2 2026)** - Major container lines and tanker operators are still largely bypassing the Red Sea / Suez as of late Feb 2026 because of security concerns in Bab‑el‑Mandeb and the broader Middle East conflict. ([ports.marinelink.com](https://ports.marinelink.com/ports/port/tacoma/news/red-sea-rerouting-impacts-global-shipping-q1-2026?utm_source=openai)) - On India–Europe routes, industry and carrier sources report: - **Transit times extended by ~10–20 days** due to diversions around the Cape of Good Hope. - **Freight rates up roughly 40–50%** on key India–Europe lanes versus pre‑crisis, with additional emergency conflict surcharges by lines like CMA‑CGM (up to about **US$4,000/FEU** on Gulf‑bound cargo). ([livemint.com](https://www.livemint.com/economy/india-europe-trade-shipping-crisis-red-sea-impact-costs-11772437157800.html?utm_source=openai)) - Around **45,000 Indian containers are reported stuck** in connection with the West Asia crisis (sea + air), with base freight rates expected to see “major increases” if the crisis persists. ([business-standard.com](https://www.business-standard.com/industry/news/west-asia-crisis-45-000-indian-containers-stuck-export-costs-up-five-fold-126030800629_1.html?utm_source=openai)) **By corridor: operational picture** - **India–Europe (via Suez / Red Sea)** - Most deepsea services are still re‑routed around the Cape of Good Hope. Extra steaming time + higher bunker = structurally higher FAK rates and GRIs, plus congestion risk on alternative ports (e.g., Salalah as ad‑hoc diversion/discharge). ([ports.marinelink.com](https://ports.marinelink.com/ports/port/tacoma/news/red-sea-rerouting-impacts-global-shipping-q1-2026?utm_source=openai)) - For Indian exporters, this is hitting **time‑sensitive and reefer cargo** hardest (fresh produce, some processed foods), and it complicates contracts that were priced on older rate levels and shorter transit assumptions. - **India–Middle East / Gulf** - Security issues in/around the Strait of Hormuz + Red Sea are causing carriers to suspend or restrict certain transits and occasionally discharge at alternate hubs like Salalah or return cargo to India when Gulf ports cannot be called. ([livemint.com](https://www.livemint.com/economy/india-europe-trade-shipping-crisis-red-sea-impact-costs-11772437157800.html?utm_source=openai)) - Gulf‑bound cargo is seeing **conflict surcharges and tighter capacity**, even though absolute distance is shorter than to Europe. - **India–East/West Africa** - Many services to East Africa also rely on Red Sea/Suez or nearby waters, so they share similar diversion/cost dynamics. For West Africa, Cape routings are more “natural,” but carriers still face higher bunker and risk premiums. UNCTAD’s 2025 maritime report highlights that Red Sea disruption and Cape diversions have kept container freight rates well above pre‑2023 levels on main East–West trades. ([unctad.org](https://unctad.org/system/files/official-document/rmt2025_en.pdf?utm_source=openai)) **Rate level context** - UNCTAD estimates that from the onset of the Red Sea crisis (Dec 2023) container freight rates saw “strong increases,” with Asia–Europe spot rates more than doubling vs pre‑crisis; by 2025–early 2026, they had eased from the peak but remained structurally higher than pre‑Gaza‑war levels. ([unctad.org](https://unctad.org/system/files/official-document/rmt2025_en.pdf?utm_source=openai)) - Indian media and maritime analysts in March 2026 describe 40–50% rate uplifts and widespread surcharges as the new near‑term baseline for India–Europe and India–Gulf. ([livemint.com](https://www.livemint.com/economy/india-europe-trade-shipping-crisis-red-sea-impact-costs-11772437157800.html?utm_source=openai)) ### 1.2 India’s export volumes and destinations (FY 2025–26) **Macro picture** - India’s **total exports of goods + services** reached about **US$860 bn in FY 2025–26**, a record level per the Commerce Minister in April 2026. ([economictimes.indiatimes.com](https://economictimes.indiatimes.com/news/economy/foreign-trade/india-achieves-record-exports-of-usd-860-billion-in-2025-26-goyal/articleshow/130290039.cms?from=mdr&utm_source=openai)) - Merchandise exports excluding petroleum were around **US$387.9 bn**, up ~3.6% year‑on‑year. ([india-briefing.com](https://www.india-briefing.com/news/india-export-import-trade-data-fy-2025-26-44190.html?utm_source=openai)) **Geographic pattern (Europe, ME, Africa)** Public stats for FY 2025–26 by corridor are still partial, but government and business press note: - **Europe** – Continued recovery in Indian exports (particularly engineering goods, chemicals, pharma), supported by India–EU FTA talks and the operationalization of India–EFTA agreement, which are expected to strengthen export potential into Europe from 2026 onward. ([maersk.com](https://www.maersk.com/it-it/news/articles/2025/11/07/india-middle-east-and-africa-market-update-november?utm_source=openai)) - **Middle East** – West Asia conflict has clearly **disrupted volumes for some commodities**, notably rice and certain petro and engineering cargoes, because of shipping delays and risk premia; yet overall trade with the Gulf remains critical, with new CEPA‑type agreements (e.g., with Oman) set to further liberalize access. ([ibef.org](https://www.ibef.org/economy/trade-and-external-sector?utm_source=openai)) - **Africa** – India’s trade with Africa continues to grow from a lower base, supported by infrastructure investment and regulatory clarity; East Africa in particular remains a key market for Indian food staples and manufactured goods according to carrier market updates. ([maersk.com](https://www.maersk.com/it-it/news/articles/2025/11/07/india-middle-east-and-africa-market-update-november?utm_source=openai)) **Take‑away for market events dimension** - 2026 is characterized less by a **collapse** in India’s exports and more by a **re‑pricing of logistics** + **selective disruption**, especially on India–Europe/Gulf lanes due to Red Sea/Suez risk. - Indian exporters are still growing aggregate volumes but are being forced to renegotiate logistics cost sharing, Incoterms, and lead times. --- ## 2. Demand signals: Indian agri exports 2025–26 (rice, spices, onion, pulses) and origin switching ### 2.1 Overall agriculture export performance FY 2025–26 - India’s broader **agriculture exports** are estimated around **US$52.5 bn in 2025–26**, up ~2.8% YoY. ([economictimes.indiatimes.com](https://economictimes.indiatimes.com/news/economy/agriculture/agriculture-exports-up-2-8-pc-to-usd-52-55-bn-in-2025-26/articleshow/130441344.cms?utm_source=openai)) - Within that, **agri + processed food under APEDA** were about **US$25.7 bn**, up only ~2% because rice exports (largest item) weakened on geopolitical/shipping constraints. ([financialexpress.com](https://www.financialexpress.com/policy/economy/agri-amp-processed-food-exports-rise-just-2-in-fy26/4209582/?utm_source=openai)) ### 2.2 Rice **Supply/production and export volumes** - USDA’s April 2026 Grain & Feed Annual indicates India is heading for a **10th consecutive record rice harvest in MY 2025/26**, with rice area up to about **52 m ha** from 42–43 m ha two decades earlier. ([apps.fas.usda.gov](https://apps.fas.usda.gov/newgainapi/api/Report/DownloadReportByFileName?fileName=Grain+and+Feed+Annual_New+Delhi_India_IN2026-0019&utm_source=openai)) - Industry forecasts (Indian Rice Exporters Federation) earlier anticipated **MY 2025–26 rice exports 22–23 M t**, with upside scenarios up to **30 M t** if policy allowed, significantly above prior year. ([spglobal.com](https://www.spglobal.com/commodity-insights/en/news-research/latest-news/agriculture/092625-interview-indias-rice-exports-likely-to-close-at-30-mil-mt-in-my-2025-26-iref-says?utm_source=openai)) **But 2025–26 realized trade is more constrained by policy and routes than by supply**: - APEDA data and media coverage indicate that, in value terms, **rice exports declined in FY 2025–26** versus their 2024–25 highs, due to: - Export restrictions (minimum export prices, quotas, bans by variety) aimed at domestic inflation control. - **War in West Asia and Red Sea rerouting** slowing and disrupting flows to Gulf buyers like Iran and Saudi Arabia, where March 2026 exports fell ~15% YoY by value. ([financialexpress.com](https://www.financialexpress.com/policy/economy/agri-amp-processed-food-exports-rise-just-2-in-fy26/4209582/?utm_source=openai)) **Buyer behavior / switching origins** - Gulf and some African buyers have **started diversifying** away from heavy India dependence toward **Pakistan, Thailand, Vietnam** and smaller suppliers to hedge against: - India’s recurring use of export bans/curbs in rice. - Higher landed costs and longer lead times from India due to Red Sea disruptions. - Press and trade analysts highlight reduced shipments to Gulf countries and parallel growth in Indian exports to alternative markets; simultaneously, competitor origins are reporting incremental sales into the Middle East where Indian volumes have been irregular. ([financialexpress.com](https://www.financialexpress.com/policy/economy/agri-amp-processed-food-exports-rise-just-2-in-fy26/4209582/?utm_source=openai)) **Signal for 2026–27** - Structurally, India remains the world’s largest rice exporter with big harvests, but **buyer willingness to sign long‑tenor India‑only contracts has eroded**. Expect more multi‑origin procurement and conditional contracts tied to Indian policy and freight conditions. ### 2.3 Spices - Spices (chiefly chili, pepper, cardamom, cumin, turmeric) were at record or near‑record levels in 2024–25 but **slightly off their peaks in 2025–26**. Indian Express and other sources note that exports of spices have eased compared to all‑time highs, partly on price corrections and competition, not just logistics. ([indianexpress.com](https://indianexpress.com/article/explained/explained-economics/how-india-farm-exports-grow-despite-trump-tariffs-10682859/lite/?utm_source=openai)) - Demand from Europe and Middle East remains solid, but: - Food manufacturers are increasingly willing to **substitute origin** (e.g., shifting some volumes to Vietnam or African chili/pepper) if Indian offers + freight give a sustained premium with unreliability. - However, India’s dominance in some spices (e.g., chili) means full replacement is difficult; instead the trend is more **blended sourcing**. ### 2.4 Onion - India has repeatedly used **onion export bans/levies** for domestic price control in recent years; the pattern continued into 2024–25 and 2025–26, sharply constraining onion exports in some months (especially to Gulf/SAARC). - The 2025–26 narrative: - Buyers in the Gulf (UAE, Qatar, Oman, etc.) and South Asia have **actively built alternative supply chains** (e.g., from Turkey, Egypt, Pakistan, and Central Asia) as India’s onion export reliability has dropped. - For logistics providers tied to Indian onion exporters, this translates into **more volatile volumes and shorter booking horizons**, as trade windows open or close based on policy. *(Specific onion numbers for FY 2025–26 are still filtering through official stats, but the qualitative pattern of disruption + substitution is well reported by Indian agri media and trade.)* ### 2.5 Pulses - In contrast to rice and onion, **pulses exports from India actually rose** strongly: about **+21.8% to US$948 m in 2025–26**, per agriculture ministry data. ([economictimes.indiatimes.com](https://economictimes.indiatimes.com/news/economy/agriculture/agriculture-exports-up-2-8-pc-to-usd-52-55-bn-in-2025-26/articleshow/130441344.cms?utm_source=openai)) - However, India remains a **net importer** of pulses; 2024–25 saw record imports (~7.3 M t; ~US$5.5 bn) with a moderate pullback in 2025–26. ([indianexpress.com](https://indianexpress.com/article/explained/explained-economics/how-india-farm-exports-grow-despite-trump-tariffs-10682859/lite/?utm_source=openai)) - Export growth is driven mainly by niche and value‑added segments (e.g., certain processed pulses, regional surpluses), not by a shift to India as a global dominant origin like in rice. - For buyers, the signal is that **India is not yet a fully reliable long‑run pulses exporter**; they are still sourcing heavily from Canada, Australia, East Africa, Myanmar. ### 2.6 What this means for suppliers working with Indian shippers (agri) Demand‑side signals for service providers (ocean, NVOCCs, forwarders, consolidators, packaging, etc.): 1. **Higher volatility by commodity:** - Rice & onion volumes swing with **policy + freight**; you’ll see stop‑start flows and abrupt changes in destination mix (Gulf vs Africa vs Asia). - Pulses and some spices show **steadier or rising volumes**, especially where India is adding value (processed foods). 2. **Buyer hedging behavior:** - European and ME buyers are structurally moving to **multi‑origin panels** (India + 1–2 alternates) for key staples. Freight‑reliable origins gain if India’s Red Sea exposure or export controls flare up. 3. **Service differentiation on flexibility:** - Shippers are demanding **more flexible allocation and routing options** (e.g., quick switching between Jebel Ali, Dammam, Salalah, or direct Europe calls; willingness to route via South or West Africa when Gulf trans‑shipment is tight). - Contracting is shifting away from strictly long‑term fixed rates toward **index‑linked or surcharge‑tolerant structures** that recognize conflict/war risk. --- ## 3. Problem framing: Red Sea security 2024–2026 and implications for India ### 3.1 Security timeline & structure, 2024–2026 - **Late 2023–2024:** - Houthi attacks escalate in the Red Sea/Bab‑el‑Mandeb corridor, triggering major diversions of Asia–Europe services around the Cape. UNCTAD records Asia–Europe spot rates up ~256% in Dec 2023–Feb 2024 vs pre‑crisis, with Suez volumes plunging. ([unctad.org](https://unctad.org/system/files/official-document/rmt2025_en.pdf?utm_source=openai)) - **2024–2025:** - Military escorts and ad‑hoc convoys appear, but shipping companies largely maintain diversions; freight rates moderate from peak but stay structurally elevated. ([unctad.org](https://unctad.org/system/files/official-document/rmt2025_en.pdf?utm_source=openai)) - **Early 2026:** - Escalation around the 2026 Iran conflict. On 28 Feb 2026, Houthis explicitly threaten renewed attacks in the Red Sea in response to the war, reinforcing carrier risk aversion. ([en.wikipedia.org](https://en.wikipedia.org/wiki/Red_Sea_crisis?utm_source=openai)) - As of Q1 2026: container lines and tankers are **still largely avoiding Red Sea/Suez**, and analysts at TPM/JOC describe the war as a serious but “not pandemic‑scale” disruption, i.e., significant but manageable with re‑routing. ([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/03/middle-east-war-impacts-container-shipping?utm_source=openai)) ### 3.2 India‑specific impacts: shipping routes, transit times, freight **Routes** - India–Europe / India–East Med: - Most loops now run **around the Cape of Good Hope**, adding ~3,500–4,000 nautical miles and ~10–20 days, depending on speed and port rotation. ([ports.marinelink.com](https://ports.marinelink.com/ports/port/tacoma/news/red-sea-rerouting-impacts-global-shipping-q1-2026?utm_source=openai)) - India–Gulf / Red Sea: - Increased risk around both Bab‑el‑Mandeb and the Strait of Hormuz. Result: **selective suspensions, re‑routings to alternative hubs, and more cautious port calls**, especially for high‑value or sensitive cargo. ([livemint.com](https://www.livemint.com/economy/india-europe-trade-shipping-crisis-red-sea-impact-costs-11772437157800.html?utm_source=openai)) **Transit times & reliability** - Typical pre‑crisis India–North Europe (Nhava Sheva to Rotterdam/Hamburg) transits of ~18–22 days now more commonly run **28–35 days** under Cape routings. - Schedule reliability deteriorates due to extra weather exposure, bunching and port congestion at alternative hubs. **Freight rates & surcharges** - Baseline freight from India to Europe/Middle East is **significantly higher** than early‑2023 levels: - Higher bunker + war risk insurance + equipment imbalance charges. ([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/03/middle-east-war-impacts-container-shipping?utm_source=openai)) - Emergency conflict surcharges (ECS), peak season surcharges (PSS), and sometimes special risk surcharges on top of base FAK. ([livemint.com](https://www.livemint.com/economy/india-europe-trade-shipping-crisis-red-sea-impact-costs-11772437157800.html?utm_source=openai)) ### 3.3 Framing the problem for Indian agri exporters and their service partners You can think of the Red Sea / Suez situation for India in 2026 as a **triply‑constrained system**: 1. **Policy risk (India) + food security politics** - Rice and onion are politically sensitive. Export bans, minimum export prices, and quotas can override purely commercial logic. - Even with record rice harvests, policy + high logistics costs cap export realisation. ([financialexpress.com](https://www.financialexpress.com/policy/economy/agri-amp-processed-food-exports-rise-just-2-in-fy26/4209582/?utm_source=openai)) 2. **Maritime security risk (Red Sea / Hormuz / Gulf)** - Risk is persistent, not one‑off. Lines plan networks under the assumption that diversions may last **many months**, not weeks. - This pushes shippers and buyers to bake in **structurally longer lead times and higher logistics budgets**, especially for Europe and some ME destinations. ([ports.marinelink.com](https://ports.marinelink.com/ports/port/tacoma/news/red-sea-rerouting-impacts-global-shipping-q1-2026?utm_source=openai)) 3. **Demand and origin‑switching risk (buyers)** - European and ME food importers have learned from 2020–23 (pandemic, Black Sea, Red Sea) that **over‑concentration on any single origin is dangerous**. - India’s attractiveness on price and scale is offset by policy and routing risk, nudging buyers to maintain **alternate Asian and African suppliers** even when Indian FOB offers look good. ([financialexpress.com](https://www.financialexpress.com/policy/economy/agri-amp-processed-food-exports-rise-just-2-in-fy26/4209582/?utm_source=openai)) ### 3.4 Practical implications / signals for someone working with Indian shippers If you are a logistics provider, trader, or supplier into Indian exporters: 1. **Contracting & pricing** - Expect buyers to push for **CFR/CIF with caps on war/route surcharges**, or to revert to **FOB India** so they control ocean risk directly. - Index‑based freight clauses tied to benchmarks (e.g., Shanghai–Europe, India–Europe indices) are more acceptable than fixed all‑in rates in 2026 conditions. 2. **Routing & portfolio design** - Build **contingency routings** (Cape vs Suez, alternative trans‑shipment hubs) into your network planning. - For time‑sensitive agri (fresh fruits/veg, some high‑value spices), evaluate whether **airfreight or sea‑air combinations via Gulf hubs** are economical for premium segments when ocean alone becomes too slow or risky. 3. **Customer segmentation** - Commodities with **inelastic demand and fewer origin substitutes** (certain spices, specialty rice, some processed foods) can **tolerate higher landed cost** and justify premium logistics solutions. - Segments where customers have easy substitutes (bulk white rice into Gulf/Africa, onions, generic pulses) will be **hyper‑price‑sensitive** and quickest to switch origins when India’s freight disadvantage widens. 4. **Risk management & information** - Build capability to **track in near‑real‑time**: - Red Sea / Hormuz security advisories - Carrier routing notices and ECS updates - Indian export policy changes on key agri lines - For major counterparties, implement **joint scenario planning** (what happens if Cape routing persists another 12 months, or if India re‑imposes stricter rice bans, etc.). --- If you’d like, I can next translate this into: - A 1‑page **board/credit memo** summarizing India–Europe/ME/Africa risk in 2026 for an agri‑trading firm, or - **Commodity‑specific route and risk maps** (rice vs spices vs onions vs pulses) with indicative transit times and rate bands under Suez vs Cape scenarios. Sources: • Red Sea Rerouting Continues to Impact Global Shipping Schedules and Costs in Q1 2026 - Ports Directory https://ports.marinelink.com/ports/port/tacoma/news/red-sea-rerouting-impacts-global-shipping-q1-2026?utm_source=openai • Indian shipments take costlier, longer route to Europe amid US-Iran tensions | Mint https://www.livemint.com/economy/india-europe-trade-shipping-crisis-red-sea-impact-costs-11772437157800.html?utm_source=openai • West Asia war: 45K Indian containers stuck; export costs increase fivefold | Economy & Policy News - Business Standard https://www.business-standard.com/industry/news/west-asia-crisis-45-000-indian-containers-stuck-export-costs-up-five-fold-126030800629_1.html?utm_source=openai • Red Sea Rerouting Continues to Impact Global Shipping Schedules and Costs in Q1 2026 - Ports Directory https://ports.marinelink.com/ports/port/tacoma/news/red-sea-rerouting-impacts-global-shipping-q1-2026?utm_source=openai • Indian shipments take costlier, longer route to Europe amid US-Iran tensions | Mint https://www.livemint.com/economy/india-europe-trade-shipping-crisis-red-sea-impact-costs-11772437157800.html?utm_source=openai • UNI T E D NAT I O N S CO NFE R E N C E ON T R A D E A N D D E VE L OP M E N T https://unctad.org/system/files/official-document/rmt2025_en.pdf?utm_source=openai • UNI T E D NAT I O N S CO NFE R E N C E ON T R A D E A N D D E VE L OP M E N T https://unctad.org/system/files/official-document/rmt2025_en.pdf?utm_source=openai • Indian shipments take costlier, longer route to Europe amid US-Iran tensions | Mint https://www.livemint.com/economy/india-europe-trade-shipping-crisis-red-sea-impact-costs-11772437157800.html?utm_source=openai • India achieves record exports of USD 860 billion in 2025-26: Piyush Goyal - The Economic Times https://economictimes.indiatimes.com/news/economy/foreign-trade/india-achieves-record-exports-of-usd-860-billion-in-2025-26-goyal/articleshow/130290039.cms?from=mdr&utm_source=openai • India’s Export Growth FY 2025-26: Key Statistics and Trade Data https://www.india-briefing.com/news/india-export-import-trade-data-fy-2025-26-44190.html?utm_source=openai • Maersk IMEA Market Update – November 2025 | Maersk https://www.maersk.com/it-it/news/articles/2025/11/07/india-middle-east-and-africa-market-update-november?utm_source=openai • Foreign Trade Policy of India: Domestic & International Import, Export Sector, Exim Policy of India | IBEF https://www.ibef.org/economy/trade-and-external-sector?utm_source=openai • Maersk IMEA Market Update – November 2025 | Maersk https://www.maersk.com/it-it/news/articles/2025/11/07/india-middle-east-and-africa-market-update-november?utm_source=openai • Agriculture exports up 2.8 pc to USD 52.55 bn in 2025-26 - The Economic Times https://economictimes.indiatimes.com/news/economy/agriculture/agriculture-exports-up-2-8-pc-to-usd-52-55-bn-in-2025-26/articleshow/130441344.cms?utm_source=openai • Agri & processed food exports rise just 2% in FY26 - Economy News | The Financial Express https://www.financialexpress.com/policy/economy/agri-amp-processed-food-exports-rise-just-2-in-fy26/4209582/?utm_source=openai • Required Report: Required - Public Distribution https://apps.fas.usda.gov/newgainapi/api/Report/DownloadReportByFileName?fileName=Grain+and+Feed+Annual_New+Delhi_India_IN2026-0019&utm_source=openai • INTERVIEW: India's rice exports likely to close at 30 mil mt in MY 2025-26, IREF says | S&P Global https://www.spglobal.com/commodity-insights/en/news-research/latest-news/agriculture/092625-interview-indias-rice-exports-likely-to-close-at-30-mil-mt-in-my-2025-26-iref-says?utm_source=openai • Agri & processed food exports rise just 2% in FY26 - Economy News | The Financial Express https://www.financialexpress.com/policy/economy/agri-amp-processed-food-exports-rise-just-2-in-fy26/4209582/?utm_source=openai • Agri & processed food exports rise just 2% in FY26 - Economy News | The Financial Express https://www.financialexpress.com/policy/economy/agri-amp-processed-food-exports-rise-just-2-in-fy26/4209582/?utm_source=openai • How India’s farm exports have grown despite Trump tariffs | Explained News - The Indian Express https://indianexpress.com/article/explained/explained-economics/how-india-farm-exports-grow-despite-trump-tariffs-10682859/lite/?utm_source=openai • Agriculture exports up 2.8 pc to USD 52.55 bn in 2025-26 - The Economic Times https://economictimes.indiatimes.com/news/economy/agriculture/agriculture-exports-up-2-8-pc-to-usd-52-55-bn-in-2025-26/articleshow/130441344.cms?utm_source=openai • How India’s farm exports have grown despite Trump tariffs | Explained News - The Indian Express https://indianexpress.com/article/explained/explained-economics/how-india-farm-exports-grow-despite-trump-tariffs-10682859/lite/?utm_source=openai • UNI T E D NAT I O NS CO NFE R E N C E ON T R A D E A N D D E VE L OP M E N T https://unctad.org/system/files/official-document/rmt2025_en.pdf?utm_source=openai • UNI T E D NAT I O NS CO NFE R E N CE ON T R A D E A N D D E VE L OP M E N T https://unctad.org/system/files/official-document/rmt2025_en.pdf?utm_source=openai • Red Sea crisis https://en.wikipedia.org/wiki/Red_Sea_crisis?utm_source=openai • TPM26: War a problem for container shipping, but not ‘pandemic-scale’: analyst | T S P Global https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/03/middle-east-war-impacts-container-shipping?utm_source=openai • Red Sea Rerouting Continues to Impact Global Shipping Schedules and Costs in Q1 2026 - Ports Directory https://ports.marinelink.com/ports/port/tacoma/news/red-sea-rerouting-impacts-global-shipping-q1-2026?utm_source=openai • Indian shipments take costlier, longer route to Europe amid US-Iran tensions | Mint https://www.livemint.com/economy/india-europe-trade-shipping-crisis-red-sea-impact-costs-11772437157800.html?utm_source=openai • TPM26: War a problem for container shipping, but not ‘pandemic-scale’: analyst | S&P Global https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/03/middle-east-war-impacts-container-shipping?utm_source=openai • Indian shipments take costlier, longer route to Europe amid US-Iran tensions | Mint https://www.livemint.com/economy/india-europe-trade-shipping-crisis-red-sea-impact-costs-11772437157800.html?utm_source=openai • Agri & processed food exports rise just 2% in FY26 - Economy News | The Financial Express https://www.financialexpress.com/policy/economy/agri-amp-processed-food-exports-rise-just-2-in-fy26/4209582/?utm_source=openai • Red Sea Rerouting Continues to Impact Global Shipping Schedules and Costs in Q1 2026 - Ports Directory https://ports.marinelink.com/ports/port/tacoma/news/red-sea-rerouting-impacts-global-shipping-q1-2026?utm_source=openai • Agri & processed food exports rise just 2% in FY26 - Economy News | The Financial Express https://www.financialexpress.com/policy/economy/agri-amp-processed-food-exports-rise-just-2-in-fy26/4209582/?utm_source=openai