Indian basmati held up at ports and in transit as Iran war halts new deals - Reuters
Indian basmati held up at ports and in transit as Iran war halts new deals Reuters
Coverage by Political Leaning
See how different sides of the spectrum reported this story
Notable Quotes
"Around 200,000 tons of basmati rice are stuck in transit, and an equal amount is stranded at Indian ports as the war has disrupted shipping routes across the Middle East."
— Satish Goel , Executive
"The war has led the shipping companies to halt their cargo vessels where they are, and the movement of material and grain loaded in these vessels has also been stopped."
— Ranjit Singh Jossan , Executive
"Some impact of the conflict on the trade has already started."
— Sushil Kumar Jain , Executive
"Some impact of the conflict on the trade has already started."
— Sushil Kumar Jain , Executive
"Since yesterday, there has been a situation of uncertainty after the conflict began."
— Neeraj Kumar , Executive
"calling on the Iranian public to seize control of their destiny and rise up against the Islamic leadership that has ruled their country since 1979."
— Donald Trump , Politician
Key People
Former president of the United States known for his aggressive economic policies.
A rice miller from Karnal.
Vice president of basmati exporters association in Punjab.
President of the All India Rice Exporters’ Association (AIREA).
President of Rice Exporters Association’s Haryana unit.
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<a href="https://news.google.com/rss/articles/CBMirgFBVV95cUxOSjdBcnpIcVNUNVFBRThBV1VIU0JjMUhQMTVLS3JlY0p6aVBnTWxrTHE1Y1VISEl3SkdCRGtZUnZsZHBLejZiRGdEV0lPY29xeVliUklkS20tWmp0UTl2QnRWWEI1Zjl2RG1KMVd5OVRPd0lMU3l4SUszT2Y2S0RDRS1hZVlFVzlmVG9wa002N0RCR2poZ3d0LWVtWDExTU0tTjRUdWNnVDhOZTBCdWc?oc=5" target="_blank">Indian basmati held up at ports and in transit as Iran war halts new deals</a> <font color="#6f6f6f">Reuters</font>
The Indian Rice Exporters Federation advised exporters to avoid new 'cost, insurance and freight' commitments to Iran and Gulf destinations due to escalating tensions in the Middle East, which have led to halted shipments and rising freight rates.
Rice exporters in Haryana are facing shipment delays and payment disruptions after US and Israeli strikes on Iran. Basmati prices have fallen Rs 4–5 per kg as cargo via Bandar Abbas remains stuck. Iran is India’s second-largest basmati market.
Basmati rice exporters will meet officials of the Agricultural and Processed Food Products Export Development Authority (Apeda) this week to assess the fallout of escalating tensions in West Asia, as shipping disruptions and rising freight and insurance costs threaten India’s nearly $6 billion basmati trade in FY25.
An association of Indian rice exporters advised its members to avoid new 'cost, insurance and freight' commitments to Iran and Gulf destinations, amid deteriorating geopolitical situation in West Asia and possible restrictions on shipping through the Strait of Hormuz.
The All India Rice Exporters’ Association reported that about 400,000 metric tons of Indian basmati rice are backed up at ports and in transit due to disrupted shipping routes in the Middle East following recent conflicts.
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