Tag: india basmati exports
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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…