Iran-Israel Conflict Impact: Basmati Exporters Warn Of Payment Crisis, Falling Prices
The ongoing conflict between Iran and Israel is starting to take a serious toll on India’s basmati rice trade, with exporters on Sunday warning of a looming payment crisis and sharp price drops if the situation does not improve soon. All India Rice Exporters Association President Satish Goyal said that over 1 lakh tonnes of basmati rice meant for Iran is currently stuck at Indian ports.
“Iran is a very important market for us. Around 18 to 20 per cent of India’s total rice exports go to Iran. Every year, we export nearly 1 million tonnes of basmati rice to them,” Goyal told IANS, expressing deep concern over the disruptions.
Further development of the grain and oilseed markets of Ukraine and the Black Sea region will be in the spotlight of the BLACK SEA GRAIN. KYIV conference, taking place on April 22–23 in Kyiv. The event will focus on strategic directions for the agricultural sector through 2030, including investments, energy independence, processing, and exports of high-value products.
Join strategic discussions and networking with industry leaders to gain актуальна insights, discover new business opportunities, and build partnerships with key market players.
Read also
Black Sea & Danube: Crop and Export Forecast
Ukraine to expand sunflower and rapeseed area while soybeans decline — FAS USDA
Wheat faces biggest weekly drop in eight months on higher inventories
Cargill’s head of world trading departs firm after three decades
Indonesia deploys African weevils to boost palm oil output
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon