Trump's Tariff Bomb: Basmati Rice Exporters Face Crisis as Shares Plummet

• Donald Trump announced a 25% tariff on countries trading with Iran, impacting Indian Basmati rice exporters.
• Shares of LT Foods, KRBL, and Chaman Lal Setia Exports fell by up to 3% following the announcement.
• Iran is India's second-largest market for Basmati rice, with exports worth $753 million in FY25.
• The new tariff, along with a 50% tariff to America, will pressure rice exporters.
• KRBL's export revenue from the Middle East, including Iran, accounts for 61% of its Basmati export revenue.

Why It Matters: Trump's new tariffs on Iran trade have caused a significant downturn for Indian Basmati rice exporters.