Indian Rice Exports Face Crisis Amid Iran Tariffs, Global Disruptions; Domestic Demand Rises

• Indian rice exporters are under severe pressure due to global trade disruptions and a 25% US tariff on Iran, a key basmati market.
• The tariff compounds existing issues like payment delays, Iranian rial depreciation, banking restrictions, and higher shipping costs.
• Exporters are seeking policy support and guidance from Indian authorities like APEDA and the Ministry of Commerce for risk mitigation.
• Domestically, rice prices are rising despite a bumper crop, driven by increased demand for nutritional and value-added products.
• Kribhco Agri's Rajesh Paharia emphasizes the need for sustained policy backing to help exporters navigate trade complexities and maintain India's 20% share in agricultural exports.

Why It Matters: Indian rice exports are struggling with global challenges and tariffs, while domestic demand for value-added rice grows.