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Pandemic, trade war water down India’s salt exports

Date: 22-05-2020
Subject: Pandemic, trade war water down India’s salt exports
Rajkot: The global pandemic has hit India’s salt exports drastically, a major chunk of which used to be supplied to China, the main importer of Indian salt. Sources also blame the the ongoing trade war between China and the US for the reduce in volume of export that started since January and expects the crash to continue for the entire year. 

Kutch exports nearly 90 lakh to one crore tonne salt annually, of which more than 50 percent is exported to China alone. The monthly export is nearly 7 lakh tonne, which exporters now claim has reduced to 4 lakh tonne since January this year. 

The vice president of Indian Salt Manufacturers Association (ISMA), Shamji Kangad said, “China has reduced its import of salt from India because of its trade war with the US. China’s own exports to the USA have reduced because of the trade war as well as the coronavirus outbreak. We fear 40 percent reduction in export this year.” 

China is the world’s biggest salt producer, but its chemical factories export their salt to the US and the European countries leading to the country importing additional salt from India. 

According to ISMA, because of lock down the domestic industrial use of salt has also been reduced by 20 percent. This reduction will lead to excess salt in the country. 

“Last year’s salt production got reduced by 20 percent because of the excessive rainfall. This year we want to continue work till June 30, but if monsoon starts early we will have to stop production. So we are hoping there will be only 20-25 percent excess salt by the end of the year,” Kangad added. 

Source:- timesofindia.indiatimes.com

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