India suffered a big blow due to Iran-Israel war, export of this thing stopped, prices fell drastically

The permit for rice exported from India to Iran is only for four months. Rice exporters have demanded the central government to talk to Iran and extend the time limit for the permit.

Indian Rice Exporters on Israel-Iran War: The ongoing war between Iran and Israel has affected the rice exporters of India. Due to the ongoing war between the two countries, the export of rice through Iran has stopped. Due to which about one lakh metric tonnes of rice exported from Haryana, Punjab, Delhi and Uttar Pradesh has been stuck at the ports. Due to which the prices of exported rice have fallen by about Rs 1200 per quintal.

Indian exporters are worried due to rice stuck in Iran

The biggest concern of the exporters is the money of their rice stuck in Iran and their rice containers loaded at the port. Because there is no insurance for rice exported from Iran. Due to which rice exporters are now worried about rice worth crores of rupees. On the other hand, the permit for export of rice to Iran is made only for four months. In which the exporters have to deliver the rice within the stipulated time limit. If the rice does not reach on time, the permit gets cancelled. The exporters have to bear the loss.

Demand of rice exporters from central government

Rice exporters demand that the Indian government should talk to the Iranian government during the war to extend their permits. It is worth mentioning that 40 percent of the world's Basmati rice is exported from Haryana alone. The remaining 60 percent is exported by Punjab, Delhi and Uttar Pradesh.

Iran, Saudi and Iraq are the three major Basmati rice importing countries of India

Kaithal rice exporter Gautam Miglani says that India exports more than 30 percent of its Basmati rice to Iran, which is the biggest importer of rice from India. Saudi Arabia is second and Iraq is third in importing rice from India. All these three countries import Basmati rice from India.

Earlier Iran used to import 15 lakh tonnes of rice from India. This year also Iran was importing good quality rice from India, due to which the prices of rice also increased. But now due to the war, the prices of rice have fallen by about Rs 1,000 to Rs 1,200 per quintal.

Rice exporters are worried

Exporters say that if we are not able to export rice to Iran in the coming time, then we will not be able to buy the next crop of paddy. Due to which the prices of the upcoming paddy will fall. Shipments going towards Iran have been stopped and we are also worried about the rice containers that have reached there. About 4,000 containers are currently on hold at the port.

PC:ABPNews