US Tariff Threat and Iran Unrest Affect India's Basmati Rice Exports

India's basmati rice exports face challenges due to US President Trump's proposed 25% tariff on countries trading with Iran and ongoing unrest in Iran disrupting shipments and payments. Iran, a major buyer of Indian basmati, accounted for significant export volumes in 2024-25, with some exports routed through the UAE. Protests and port disruptions in Iran have stranded goods worth over ₹2,000 crore at Indian ports, affecting local basmati prices and trade confidence. India awaits further US tariff details while monitoring impacts on the Chabahar port agreement with Iran.