CHANDIGARH: The Indian Basmati rice exporters have temporarily halted shipments to Iran in view of the deteriorating situation there. However, the suspension in export has led to a drop in the prices of basmati rice in the domestic market. Iran has traditionally been one of the second-largest and most reliable markets for Indian basmati rice. India exported USD 468.10 worth of basmati rice to Iran during April-November of 2025-26 fiscal, totalling 5.99 lakh tonnes, trade data showed. India exports rice, tea, sugar, medicines, and machinery to Iran, while importing dry fruits, organic and inorganic chemicals, and glassware from Iran, he said.

Source: Indian Express January 13, 2026 12:25 UTC