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Basmati Rice Prices Fall as Middle East Conflict Disrupts Indian Exports - Shah Enterprises Basmati rice prices in India have dropped 5–6% after export disruptions linked to the Middle East conflict. Around 200,000 tonnes remain stuck at ports, increasing domestic supply. With over 75% of basmati production exported, prolonged disruptions could further affect current Indian rice prices and global trade flows. Exporters are seeking government relief on port and insurance costs.