Textiles

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Houthi threats to alternative routes spark textile trade concerns

21 Mar '24

60 min read

Pic: Adobe Stock

Pic: Adobe Stock

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The recent threat from the Houthis to attack the alternative trade route is causing concern among traders worldwide, as it poses a risk of another decline in trade.
This adds to the growing uncertainty, resulting in higher insurance and transportation costs.
Asian suppliers, already impacted by rising insurance expenses, are now anxious about order losses.

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