IREF Advises Rice Exporters to Exercise Caution Amid West Asia Crisis

Entertainment National Sports Markets Business & Economy Lifestyle World Astrology & Religion Technology Education & Jobs Auto Politics Viral Opinions

Loading more articles...

IREF warns rice exporters: Exercise caution amid West Asia crisis

Representational image (Image: News18)

N

News18•01-03-2026, 14:30

IREF warns rice exporters: Exercise caution amid West Asia crisis

•Indian Rice Exporters Federation (IREF) advises members due to deteriorating situation in Iran and Gulf.
•Exporters urged to avoid new CIF commitments for these destinations; prefer FOB terms.
•Developments could impact bunker prices, oil prices, and disrupt vessel availability, leading to sharp freight increases.
•Middle East and Africa account for roughly half of India's national rice exports.
•Five leading basmati destinations in the Middle East are directly affected, accounting for 50% of basmati exports.

Read Full Article on News18 in English

✦

More like this

✦

More like this

Middle East tensions may hit Asian economies hardest; exchange rate stability is key. Representational image/AFP

Middle East Tensions Threaten Asian Economies; ADB Urges Exchange Rate Stability

FIIs still underweight India, waiting for correction; Iran conflict adds fresh caution: Kotak's Pratik Gupta

FIIs Underweight India, Awaiting Correction; Iran Conflict, AI Worries Add Caution: Kotak

Rupee to stay in 90-92 range amid global uncertainty: HDFC Bank's Arup Rakshit

India readies fuel emergency plan as Iran war puts oil-gas supply chain at risk. File image

India Prepares Fuel Emergency Plan Amid Iran War Threat to Oil-Gas Supply Chain

Representational image (Image: News18)

Iran Conflict Threatens India's Corporate Earnings, Oil Prices a Major Risk: Report

The broader message: discipline, diversification and patience matter more than panic.

Market Turbulence: Experts Advise Patience, Diversification for Indian Investors Amid Geopolitical Storm