4 months ago
3
Rice exporters sought the Union Commerce Ministry’s assistance connected Tuesday (January 13, 2026) to wide pending dues from importers successful Iran amid increasing civilian unrest successful that country, 1 of the large importers of basmati and different varieties of Indian rice. While Iran continues to beryllium 1 of India’s astir important destinations for basmati rice, the existent fiscal twelvemonth has seen increasing accent connected bid flows, outgo cycles, and shipment schedules owed to the prevailing instability successful the country, the Indian Rice Exporters Federation (IREF) has said successful an advisory issued to its members.
The IREF’s office-bearers met elder Commerce Ministry officials and apprised them of the situation. The IREF said successful a merchandise that the contiguous fallout of the concern successful Iran is evident successful Indian markets too, wherever basmati prices person softened sharply wrong days.
“Exporters indispensable workout heightened caution, peculiarly with respect to recognition vulnerability and shipment timelines,” the IREF’s connection said. India exported 5.99 lakh tonnes of basmati atom worthy $468.10 cardinal to Iran during April-November of the 2025-26 fiscal year, according to the IREF. The prices of fashionable home basmati atom varieties, including 1121, 1509, and 1718, person fallen by astir ₹5 successful a week.
“Iran has historically been a pillar marketplace for Indian basmati. However, the existent interior turmoil has disrupted commercialized channels, slowed payments and dented purchaser confidence,” the IREF’s nationalist president Prem Garg said successful the statement.
“Importers person conveyed their inability to honour existing commitments and remit payments to India, creating uncertainty for exporters,” the IREF said.
