Tag: basmati rice prices

  • Iran unrest hits Indian basmati trade, drags prices lower

    Iran unrest hits Indian basmati trade, drags prices lower

    Export payments worth INR 2,000 cr stuck as shipments slow Domestic basmati prices fall INR 5-10/kg on demand uncertainty India’s basmati rice market is facing renewed pressure as political unrest and communication disruptions in Iran, its second-largest buyer, have stalled trade flows and delayed export payments, forcing exporters to reassess risk exposure and divert volumes…