April 12, 2026 | 06:26 GMT +7

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Thursday- 15:02, 05/03/2026

Indian basmati held up at ports and in transit as Iran war halts new deals

400,000 metric tons of Indian basmati rice are backed up at ports and in transit, and export deals have dried up as freight rates have ​more than doubled since the U.S. and Israel attacked Iran.
A close-up of basmati rice grains stacked for sale inside a shop at a wholesale market in Kolkata, India, January 13, 2026.

A close-up of basmati rice grains stacked for sale inside a shop at a wholesale market in Kolkata, India, January 13, 2026.

About 400,000 metric tons of Indian basmati rice are backed up at ports and in transit, and export deals have dried up as freight rates have ​more than doubled since the U.S. and Israel attacked Iran at the weekend, trade officials ‌said.

India is the world's largest exporter of aromatic, premium basmati rice, with buyers in the Middle East, including Saudi Arabia, Iran, and the United Arab Emirates, accounting for more than half of its shipments.

HD

Reuters

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