Iron ore exports, prices rose sharply, but only eastern miners benefited

According to FIMI, iron ore exports in 2019-20 rose to 36,623.71 tonnes from 16,198.90 in 2018-19

Owing to the strong demand from China, iron ore export from India touched an eight-year high in the first half of 2020 and the prices reached a new high. However, the beneficiaries weree miners in the eastern states as restrictions on the export from Karnataka and the ban on Goa mining continues.

According to the Federation of Indian Mineral Industries (FIMI), iron ore exports in 2019-20 rose to 36,623.71 tonnes from 16,198.90 in 2018-19. Export to China rose to 31,605.05 tonnes from 12,153.28 tonnes, almost 160 per cent jump. According to reports quoting China's customs data, shipments of the iron