Iran is one of the top buyers of Indian basmati rice; traders warn exports may take a hit if the Israel conflict continues and diplomatic tensions escalate
India’s basmati rice exports to Iran might take a hit if the ongoing conflict with Israel persists for long and a diplomatic standoff in the host country leads to coercive measures like trade sanctions, traders said.
Iran is a major destination for India’s basmati rice exports and accounts for almost 700,000–800,000 tonnes per annum out of the total exports of 4–6 million tonnes. Earlier, India used to export around a million tonnes of basmati rice to Iran every year.
“India’s basmati export season started from November"
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