Asian rice exporters grapple with packaging material shortage, rising costs

A shortage of polypropylene raffia packaging material stemming from the Middle East war has disrupted Asia’s rice supply chain and increased bag costs, sources said March 18. Market participants in the upstream PP segment said the disruption in the Strait of Hormuz has halted cargoes to India, which sources over 50% of its PP imports from the Middle East. “Deals booked in February are also stuck,A shortage of polypropylene raffia packaging material stemming from the Middle East war has disrupted Asia’s rice supply chain and increased bag costs, sources said March 18. Market participants in the upstream PP segment said the disruption in the Strait of Hormuz has halted cargoes to India, which sources over 50% of its PP imports from the Middle East. “Deals booked in February are also stuck,Read More