Iran Unrest Disrupts Indian Basmati Rice Exports, Causes Price Drops and Payment Delays
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Iran Unrest Disrupts Indian Basmati Rice Exports, Causes Price Drops and Payment Delays

India's basmati rice exporters are facing significant disruptions due to civil unrest in Iran, a major buyer. The turmoil has led to delayed payments, halted shipments, and a sharp fall in domestic basmati prices. The Indian Rice Exporters Federation (IREF) has advised caution, urging exporters to reassess risks, adopt secure payment mechanisms, and diversify markets. Concerns also linger over potential US tariffs on trade with Iran, though their direct impact on Indian rice exports is debated.

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