Global conflicts and shipping disruptions plunge Kerala's fisheries export sector into deep crisis

Global conflicts and shipping disruptions are plunging Kerala's fisheries export sector into a severe economic crisis. Freight rates have jumped from up to $4,500 to $12,500, while the time taken for goods to reach the destination has increased from 30 to 45 days to 70 to 90 days. The sector is also facing price increases of 30 to 40 percent for packaging materials and difficulties in financial transactions with Russia.