Bhubaneswar: With falling production and high export duty , iron
ore exports from Odisha has come down significantly in the current financial
year and is expected to end the year with a record low.
According to the data
provided by the Indian Ports Association the Iron ore traffic at the Paradip
Port drops almost 75% in the April-February period of the current financial
year. The iron ore traffic during the 11 months in the current financial year
has come down to only 1584,000 tonnes from 6517,000 tonnes during the same
period last year. The fall in traffic is mainly being attributed to the fall in
export of the commodity.
Odisha has been a major exporter of iron ore, but due to closure
of several mines and crack down on illegal mining, production of the commodity
has come down drastically to 66 million tonnes last year and is expected to
drop further to 40 to 45 million tonnes this year.
Not only Odisha the iron ore export from another major state Goa
has come down drastically. The iron ore traffic at the Murmugao port has
dropped by 72% during the April-February period to 7421,000 tonnes from 26.65
million tonnes during the same period in the last financial year. However iron
ore traffic at the New Mangalore port remains almost flat at 2561,000 tonnes.
Overall, cumulative iron ore traffic at various ports has dropped by 54.75% in
the April-February Period.
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