CAx declines as trade improves at Indian ports

Reportedly, there has been a notable decline in the Indian container availability index (CAx) value. This indicates that container exports exceed imports at the Indian ports. In July 2023, the average container price for 40 high cube (HC) containers was $1,927 at Mundra, $1,918 at Chennai and $1,824 at Nhava Sheva compared to $3,630 in Mundra, $3,931 in Chennai and $3,972 in Nhava Sheva during July 2022.