Overview
- At a White House roundtable on farm aid, President Donald Trump questioned Indian rice imports and said the administration would look into tariffs.
- LT Foods fell roughly 6.5–8% in Tuesday trading, with KRBL down about 1% and GRM Overseas off around 4–5%, while Kohinoor Foods slid as much as 9.9% intraday.
- No new U.S. trade measure was announced, leaving markets to price in political risk rather than confirmed policy changes.
- LT Foods is seen as especially exposed because of its North American footprint, with 41% of revenue from the region and a majority of export sales tied to that market.
- India is the top global rice exporter with about 30.3% share, but shipments to the U.S. are relatively small, reported at roughly 234,000 tonnes in 2024.