About one lakh tonnes of export from India is stuck in the port of Basmati Rice. In fact, the rice was going to be sent to Iran, but due to the ongoing conflict between Israel and Iran, the goods are stuck in the port. About 5 to 8 percent of India’s total basmati rice exports buy Iran. However, in the present case, sending rice has become difficult.
Satish Goyal, president of the All India Rice Exporters Association (AIRA), said that about 1 lakh tonnes of basmati rice is filled with Kandala and Munda ports in Gujarat, but due to the ongoing conflict between Iran and Israel, they are lacking due to lack of protection.
In fact, situations such as international controversy and war are not usually included in marine insurance policies. In such cases, exporters cannot send goods or do not guarantee payment.
Haryana is the most affected due to the stopping of rice exports. About one -third of the bassmati rice, which is sent from India to Iran, passes through Haryana alone. Exporters from Karnal, Kaithal and Sonipat say that sending rice pillows has slowed down. Delayed to send goods and payments are also stuck.
Sushil Jain, president of Haryana Rice Exporter Association, said, “Every year, about 1 lakh metric tonnes of basmati rice is sent from India to Iran, which goes through 1 to 5 percent of Haryana.
The decline in exports is now seen in the domestic market. According to the Haryana Rice Exports Association, prices of basmati rice have fallen by Rs. He warned that if the crisis continues for a long time, it can have a serious impact on the financial condition of the Indian exporters.
The decline in exports is now seen in the domestic market. According to the Haryana Rice Exports Association, prices of basmati rice have fallen by Rs. He warned that if the crisis continues for a long time, it can have a serious impact on the financial condition of the Indian exporters.
After Saudi Arabia, Iran is the second largest market for India’s basmati rice. In the financial year 2-3, India exported about 1 lakh tonnes of basmati rice to Iran. At the same time, India exported about 1 lakh tonnes of basmati rice in the entire financial year of 2-3 years. India exports rice mainly to the countries of the Middle East and West Asia – Iraq, the UAE (UAE) and the US.
