India rice

EghtesadOnline: Indian traders of basmati rice and tea have started to feel the heat from US sanctions looming on Iran.

EghtesadOnline: The resumption of rice imports by Iran could give a fillip to India’s basmati shipments that have risen by about a fourth in rupee terms in the first eight months of the current fiscal year (started March 21, 2017), the Indian newspaper Hindu Business Line reported.

EghtesadOnline: Iran’s state grains buyer Government Trading Corporation has issued an international tender to buy 30,000 tons of rice to be sourced from India, European traders said on Wednesday.

EghtesadOnline: Delay in resumption of imports by Iran is likely to hinder the recovery in Indian Basmati rice exports, says India’s investment information and credit rating agency ICRA in its latest update on Indian Basmati rice industry.

EghtesadOnline: Basmati exports market of India was expecting a good time this year, as Iran had decided to resume rice imports from the country.

EghtesadOnline: A delegation of Indian rice producers headed by President of All-India Rice Exporters Association Mohinder Pal Jindal are scheduled to visit Tehran on January 27 to pave the way for increased rice exports.