Iran-Israel conflict impact: Basmati rice prices to drop as exports to Iran, third largest buyer of Indian basmati, expected to decline

Jun 16, 2025 - 17:00
Iran-Israel conflict impact: Basmati rice prices to drop as exports to Iran, third largest buyer of Indian basmati, expected to decline

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Basmati rice prices, recently elevated due to increased exports, are anticipated to decline due to potential export reductions to Iran amidst geopolitical tensions. Iran constitutes a significant importer of Indian basmati rice.

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