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India’s ₹6,000 Crore Basmati Trade With Iran Faces Risk Amid Middle East Tensions - Shah Enterprises India’s basmati rice exports to Iran, valued at around ₹6,000 crore, face rising risk amid Middle East tensions and shipping disruptions. Freight costs, insurance premiums, and delays are affecting trade flows, particularly via the Strait of Hormuz. Exporters are shifting to safer contract terms. The situation could impact domestic markets and rice prices in India, highlighting broader export vulnerabilities.
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