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After US tariff, Iran-Israel war casts shadow over basmati rice exports
The New Indian Express Vijayawada
|June 23, 2025
INDIAN basmati exporters, still reeling from the shock of a 26% tariff imposed by the US government—which is currently on hold—are facing double trouble due to the outbreak of the Israel-Iran war.
This conflict has created uncertainty in exports, resulting in stuck consignments, delayed payments, and falling prices. Notably, 15% of India's total basmati exports are destined for Iran, making it the second-largest importer after Saudi Arabia. This surplus of basmati could potentially flood the domestic market.
The crisis is likely to affect Punjab, the country's leading producer of basmati rice, with a total production share of 40%, followed by Haryana and other states.
Bu hikaye The New Indian Express Vijayawada dergisinin June 23, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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