Panic in markets: If Coronavirus is not tamed, trade with China may slump

With the outbreak of coronavirus causing panic in the global financial markets, Indian exporters see a reason to worry if the situation in China deteriorates and the virus is not tamed soon. 

The real impact of trade can be gauged after February 8 when the Chinese New Year holidays end.  However, import of fertiliser, plastics and chemicals could be impacted as China is major supplier globally. Many New Year celebrations have been cancelled in China following reports of the coronavirus spreading and claiming more lives.

Fertiliser imports may cost more

Fertilisers and organic chemicals along with plastic materials are among the top five