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Iran unrest hits Indian basmati rice exports, industry body says

Iran's upheaval is having a ripple effect on India's basmati rice trade, leading to delayed payments and uncertainty for exporters. As a result, domestic prices of basmati have plummeted. To navigate these turbulent waters, the Indian Rice Exporters Federation is advocating for cautious measures and exploring diversification strategies.

13 Jan 2026 12:40 pm