Wednesday, July 30, 2025

Creating liberating content

Microsoft CEO Satya Nadella speaks at an event commemorating the

Mark Zuckerberg, CEO of Meta Platforms. David Paul Morris |

NEW DELHI: IndiGo saw its Q1 FY 2026 drop 20

The Indian Banks’ Association’s proposal for a five-day work week

Related News

Microsoft CEO Satya Nadella speaks at an event commemorating the 50th anniversary of the company at Microsoft headquarters in Redmond, Washington, on , April 4, 2025. David Ryder | Bloomberg

Mark Zuckerberg, CEO of Meta Platforms. David Paul Morris | Bloomberg | Getty Images Meta is set to report its second-quarter earnings on Wednesday, with analysts eyeing any changes to

NEW DELHI: IndiGo saw its Q1 FY 2026 drop 20 per cent to Rs 2,176.3 crore from Rs 2,728.8 crore in same period last year due to the serious hit

The Indian Banks’ Association’s proposal for a five-day work week in banks, declaring all Saturdays as holidays, is under government consideration. While the finance ministry acknowledges the proposal, it clarifies

File photo: US President Donald Trump (Picture credit: PTI) US President Donald Trump’s recent tariff warnings to India have drawn sharp criticism from Indian trade experts, with Professor Rakesh Mohan

Piotr Swat | Lightrocket | Getty Images Palo Alto Networks will take over Israeli identity security provider CyberArk in a deal valued at roughly $25 billion. The California-based cybersecurity company

Trending News

NEW DELHI: IndiGo saw its Q1 FY 2026 drop 20 per cent to Rs 2,176.3 crore from Rs 2,728.8 crore in same period last year due to the serious hit

File photo: US President Donald Trump (Picture credit: PTI) US President Donald Trump’s recent tariff warnings to India have drawn sharp criticism from Indian trade experts, with Professor Rakesh Mohan

T N Manoharan, renowned chartered accountant, former chairman of IDBI Bank and one of India’s most respected financial minds, passed away on Wednesday. He was widely acknowledged for his leadership

Pakistan’s government is moving swiftly toward integrating cryptocurrency into its financial ecosystem, aiming to bring digital currencies into mainstream banking, forex operations, and gold trading, according to a Wednesday media

The EU sanctions against Russia are expected to have significant implications for Indian refiners, according to a recent ICRA report.On July 18, the EU implemented its 18th sanctions package against

Nayara’s lawyer told a New Delhi court today that the services have been restored by Microsoft. EU sanctions on Russia: Global IT giant Microsoft has restored IT services to Russia-backed

Iran-Israel conflict impact: Basmati rice prices to drop as exports to Iran, third largest buyer of Indian basmati, expected to decline

Word Count: 684 | Estimated Reading Time: 4 minutes


Iran-Israel conflict impact: Basmati rice prices to drop as exports to Iran, third largest buyer of Indian basmati, expected to decline
During 2024-25, India’s basmati rice exports to Iran were valued at ₹6,374 crores. (AI image)

Basmati rice prices, which saw an increase of 15-20% in the past two months due to higher exports, are expected to decrease in the upcoming weeks as exports to Iran may decline amidst its ongoing conflict with Israel.According to the Agricultural and Processed Foods Export Development Agency (APEDA), Iran ranks as the third-largest purchaser of Indian basmati rice, following Saudi Arabia and Iraq. During 2024-25, India’s basmati rice exports to Iran were valued at ₹6,374 crores, representing 12.6% of India’s total basmati exports for that period. Major importing nations from West Asia and Iran had enhanced their purchases after Indian Basmati rice prices had fallen to ₹75-90/kg, leading to an upward price movement.“The export prices have come down from $950-1000/tonne about a month ago to $900-950/tonne,” said Rajesh Jain Paharia, an exporter of Basmati rice according to an ET report.

Basmati rice

Basmati rice

“Prices have corrected, as freight is expected to go up due and transshipment issues,” said Paharia.“Prices of Indian Basmati rice had reached their bottom by April as the global export demand was less due to multiple factors. However, export demand increased as everyone wanted to stock at low prices, bringing a surge in exports in May and a consequent increase in prices by about 15-20%,” said Dhaval Shah, an exporter and domestic trader of Basmati rice in Maharashtra. “Although the prices are likely to remain stable for now, factors like the Trump effect or any escalation of the war will decide the future course of prices. Countries tend to buy more to ensure their food security if they see indications of escalation of war.”The Indian Rice Exporters Federation’s national president, Prem Garg, expressed concerns regarding current sea shipments and pending payment issues.Trade estimates indicate that outstanding dues for Basmati trade with Iran typically amount to ₹1,000-1,200 crore. “In our trade with Iran, we take 20% advance payment and rest all is on 180 days credit,” said Pahariya.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account