Basmati trade disrupted! What unrest in Iran and Trump’s 25% tariffs mean for India’s rice exports and prices – explained
IREF noted that the US already imposes a 50% duty on Indian rice shipments. (AI image) Recent export data shows that India sent basmati rice worth $468.10 million, which is 5.99 lakh metric tonnes, to Iran during April to November of 2025-26. According to the Indian Rice Exporters Federation (IREF), Rising tensions in Iran and…