Prolonged Israel-Iran conflict may impact Basmati exports: Experts

Iran is one of the top buyers of Indian basmati rice; traders warn exports may take a hit if the Israel conflict continues and diplomatic tensions escalate

India’s basmati rice exports to Iran might take a hit if the ongoing conflict with Israel persists for long and a diplomatic standoff in the host country leads to coercive measures like trade sanctions, traders said.

 

Iran is a major destination for India’s basmati rice exports and accounts for almost 700,000–800,000 tonnes per annum out of the total exports of 4–6 million tonnes. Earlier, India used to export around a million tonnes of basmati rice to Iran every year. 

 

“India’s basmati export season started from November