EghtesadOnline: Defaults by Iranian importers on some Indian basmati rice brands under bilateral deals have hit India’s export of these products in the June quarter.

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

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: India's payment system with Iran is being relaxed further for basmati rice exports. This comes after the US allowed India to continue importing crude oil from Iran and develop Chabahar Port.