During Apr-Jun 2013, Paradip port handled 1.03 million tonne of iron ore export cargo compared to just 371,000 tonne in the year-ago period. Specifically, the cargo is iron ore fines of 62 grade.
The almost three fold rise in ore export cargo is attributed to the depreciation of rupee against the dollar. Federation of Indian Mineral Industries said there is no major rush of importers to book Indian iron ore. The rise in exports was just because of the weak rupee as exporters wanted to clear some stocks at ports.
After the mining ban in Karanataka and curb on exports in Goa, east Indian ports have assumed top positions in terms of iron ore exports.
East coast ports such as Paradip, Haldia and Vizag are handling a major part of the 18 million tonne annual export cargo of iron ore. Odisha contributes about 4.5 million tonne of this total cargo.
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