Iran-Israel conflict impact: Basmati rice prices to drop as exports to Iran, third largest buyer of Indian basmati, expected to decline
During 2024-25, India’s basmati rice exports to Iran were valued at ₹6,374 crores. (AI image) Basmati rice prices, which saw an increase of 15-20% in the past two months due to higher exports, are expected to decrease in the upcoming weeks as exports to Iran may decline amidst its ongoing conflict with Israel.According to the…