KRBL derives around 61% of its basmati export revenue from the Middle East and the GCC region. LT Foods, the maker of Daawat rice, reported that 9% of its FY25 revenue came from exports to the Middle East.
India's rice exporters have been significantly impacted due to the ongoing geopolitical tensions in West Asia, which have translated into a full-blown war across the region.
Shares of rice exporters LT Foods are down 8% on Monday, March 2, while those of Chaman Lal Setia Exports are trading with losses of 4%. Shares of KRBL are also trading 2% lower.
Middle East is a key market for both basmati and non-basmati shipments. Data from the Indian Rice Exporters Federation shows that between April and November 2025, basmati exports to Iran stood at ₹4,049 crore, while shipments to Saudi Arabia were higher at ₹5,217 crore.
Exports to Kuwait came in at ₹1,098 crore and those to Israel at ₹381 crore. In the non-basmati segment, exports during the same period totalled ₹631 crore to Saudi Arabia, ₹21.75 crore to Iran and ₹15.57 crore to Israel.
The region is particularly critical for leading exporters. KRBL derives around 61% of its basmati export revenue from the Middle East and the GCC region, making it more vulnerable to any disruption in trade flows or logistics.
LT Foods, the maker of Daawat rice, reported that 9% of its FY25 revenue came from exports to the Middle East.
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