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Basmati Rice Shipments to Iran Stall as Israel-Iran Conflict Disrupts Trade

Insurance voids leave 100,000 tonnes of basmati rice stranded at Gujarat ports before a June 30 government meeting

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BASMATI RICE EXPORT
Currently, paddy is cultivated on approximately 34 lakh acres in Haryana, yielding 68 lakh metric tonnes (MT), including 20 lakh MT of basmati rice. (HT File)
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Overview

  • War-risk exclusions and vessel suspensions have halted grain movement at key gateways Kandla and Mundra
  • Stranded shipments are valued at about ₹1,500 crore with an additional ₹1,500–2,000 crore in payments pending
  • Domestic basmati prices have fallen by ₹4–5 per kilogram amid the oversupply and cash-flow pressures
  • Haryana exporters, who account for roughly a third of rice destined for Iran, warn that farmers could face hardship during the Kharif transplantation season
  • Trade bodies have engaged APEDA and the Commerce Ministry to arrange government-backed risk insurance and liquidity support