Indian Basmati rice prices fall 7% due to Iran protests:Export bodies warn rates may reduce more in coming days; India’s traders’ payments consignments stuck in Iran

The US President Donald Trump’s fresh 25% tariffs on Iran’s trading partners can impact Basmati rice exports from India. According to the Indian Rice Exporters Federation (IREF), the ongoing civil unrest in Iran has already started impacting India’s basmati rice exports to Tehran, leading to a sharp fall in domestic prices in India. By how much have Basmati rice prices fallen in India? Citing IREF’s data, news agency, ANI, has said, that the domestic price of basmati rice variety 1121 has come down to ₹80 per kg from ₹85 per kg last week, while varieties 1509 and 1718 declined to ₹65 per kg from ₹70 per kg. Iran is India’s one of largest market for Indian Basmati rice According to the federation, Iran is India’s one of the largest markets for Basmati rice exports. Rice exporters face hardships, roadblocks The IREF has listed the following points on hardships faced by rice exporters in India Iran has historically been a pillar market for Indian basmati. However, the current internal turmoil has disrupted trade channels, slowed payments and dented buyer confidence. -IREF National President Prem Garg said to ANI Importers have conveyed their inability to honour existing commitments and remit payments to India, creating uncertainty for exporters, the federation said. How much Basmati rice India exports to Iran? Citing industry data, ANI, said, India’s Basmati rice exports to Iran during April-November 2025-26 stood at $468.10 million (₹4,212.9 crore), with shipments of 5.99 lakh metric tonnes. How much Basmati rice India exports? According to the IREF, between 1 April 2024 and 25 March 2025, India exported Basmati Rice worth 59.44 lakh tonnes out of total rice exports of 198.65 lakh tonnes How much share Iran has in total exports from India? India – among top trading partners of Iran
Tehran’s major trading partners are India, China and the UAE. India-Iran trade size: India-Iran total trade size stood at ₹14,244.86 crore in FY25. The size has continuously shrunk in last two years. By FY25 end, it has fallen to at least a 5-year low. Citing, trade data from an online data visualisation and distribution platform, Observatory of Economic Complexity (OEC), another news agency, PTI, said, exports from India to Iran in 2023 totalled $1.19 billion, while imports into India totalled $1.02 billion. This made the total trade size in 2023 to around ₹20,000 crore. Which top commodities India exports to and imports from Iran? According to the Indian Embassy in Tehran, major Indian exports to Iran include rice, tea, sugar, pharmaceuticals, manmade staple fibres, electrical machinery and artificial jewellery, while major Indian imports from Iran consist of dry fruits, inorganic/organic chemicals and, glassware. Trump’s fresh 25% tariffs on Indian exports: According to Rajeev Juneja, president, PHDCCI, based on India’s US export profile, the following sectors will be impacted due to Trump’s fresh 25% tariffs:
• Textiles Apparel
• Gems Jewellery
• Leather Footwear
• Automobile components various chemicals
• Marine products and other processed goods