The Chennai Port Trust (ChPT) has reported a six per cent decline in its export and import activities for the first quarter of 2013-14 owing to economic slowdown and depreciation of Indian rupee against the U.S. dollar.
For the period under review (April to June), ChPT recorded total business of 12.83 million tonne cargo against 13.65 million tonne registered for the corresponding period last year. Import volume dropped by five per cent and export volume dropped by 7.65 per cent .
Out of the 13 items in the import list, eight have shown negative growth with containers leading the list followed by petroleum, oil, lubricant and scrap items.
Crude, dolomite and gypsum registered upward march.
On the export front, once again containers were in the forefront of negative growth followed by barytes and sugar, whereas wheat and cars posted positive growth.
The performance of ChPT has taken a beating in the last two years after the Madras High Court imposed a ban on handling dusty cargo.
After a gap of two years, the Food Corporation of India, Tamil Nadu region, exported wheat from Chennai and Karaikal ports to Malaysia, Bangladesh and other African countries.
Source:-www.thehindu.com
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