Cargo movement at major ports - an indicator of export-import activity - fell 1.4% at 44.8 million tonnes (mt) in June. In June 2009, these ports handled 45.4 mt of cargoes. Last time the cargo volumes fell was in July 2009 when the figure dropped by 1%.
"The timely arrival of the monsoon in coastal regions (Andhra Pradesh, Kochi, Tamil Nadu) impacted cargo volumes. In June 2009, cargo volumes were high compared with those in previous years due to the late onset of the rains - leading to a higher base - which impacted volume growth," analysts with brokerage Motilal Oswal said.
Reduced shipment of iron ore, petroleum, oil and lubricants (POL) cargoes impacted June volumes. Iron ore cargo fell by 19% to 5.1 mt. POL fell by 10% to 13.8 mt.
Fertiliser, container and coal cargoes grew 39%, 17% and 6% to 2 million tonnes, 9.4 mt and 6 mt respectively. Shipment in other categories fell by 3% to 8.4 mt, according to data from Indian Ports Association (IPA).
"The timely arrival of the monsoon in coastal regions (Andhra Pradesh, Kochi, Tamil Nadu) impacted cargo volumes. In June 2009, cargo volumes were high compared with those in previous years due to the late onset of the rains - leading to a higher base - which impacted volume growth," analysts with brokerage Motilal Oswal said.
Reduced shipment of iron ore, petroleum, oil and lubricants (POL) cargoes impacted June volumes. Iron ore cargo fell by 19% to 5.1 mt. POL fell by 10% to 13.8 mt.
Fertiliser, container and coal cargoes grew 39%, 17% and 6% to 2 million tonnes, 9.4 mt and 6 mt respectively. Shipment in other categories fell by 3% to 8.4 mt, according to data from Indian Ports Association (IPA).