KRBL, LT Foods Shares Plunge 8% Amid Middle East Tensions and Rice Export Concerns

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Iran-Israel-US War: Rice Exporters KRBL, LT Foods Shares Plummet Up To 8%

Iran-Israel-US War: Rice Exporters KRBL, LT Foods Shares Plummet Up To 8%

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CNBC TV18•02-03-2026, 09:19

Iran-Israel-US War: Rice Exporters KRBL, LT Foods Shares Plummet Up To 8%

•Geopolitical tensions in West Asia, escalating into war, significantly impact India's rice exporters.
•Shares of LT Foods fell 8%, Chaman Lal Setia Exports 4%, and KRBL 2% on Monday, March 2.
•The Middle East is a crucial market for both basmati and non-basmati rice shipments from India.
•Basmati exports to Iran were ₹4,049 crore and to Saudi Arabia ₹5,217 crore between April-November 2025.
•KRBL derives 61% of its basmati export revenue from the Middle East, while LT Foods gets 9% of its FY25 revenue from the region.

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