India's Rice Exporters Face Shipment Delays and Payment Risks Amid Iran Conflict

India's rice exporters, particularly in Haryana, face shipment delays and payment risks due to recent US and Israeli military actions against Iran. Shipments to Iran and Afghanistan via Iran's Bandar Abbas port are held up, impacting basmati rice prices and trade. The Indian Rice Exporters Federation advises members to avoid new CIF contracts for affected regions, recommending FOB terms to shift shipping and insurance risks to buyers amid rising freight and insurance costs. The situation's full impact depends on the conflict's duration and evolving regional security.