Basmati exports may lose steam on Iranâ€™s duty hike

01-August-2014
Basmati exports may lose steam on Iranâ€™s duty hike

Bangalore : Basmati shipments are likely to see a slowdown in the near-term as Iran, the largest buyer of the Indian aromatic rice, has hiked the import duty to around 40 per cent from 22 per cent. Iran accounted for over a third of India’s basmati exports in value and about 40 per cent in quantity last year. “There will definitely be an impact on our exports.

We expect our shipments to come down by around 30-40 per cent to Iran this year,” said MP Jindal, President of All-India Rice Exporters Association. “We were expecting this duty hike. It may be a temporary measure and they may revert to the earlier levels by September-October,” an industry source said.

Source : dailyshippingtimes.com

Seair is proud to have a loyal customer base from big brands.

We have successfully served many reputable clients for Import-Export Data Information Services. Here are some of our clients:

View All

Get a free Import-Export data demonstrative report on desired products.

We don’t offer any assistance over buying or selling any products.

Thank You

Big thanks to showing your interest in SEAIR Exim Solutions. We’ve currently received your request for data information. We will return on the same query in a short span of time.