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Basmati exports may dip 10% on Iran ban

Date 23-February-2015
Subject Basmati exports may dip 10% on Iran ban

Bengaluru : Basmati exports for the current fiscal, impacted by the temporary ban imposed by its largest buyer Iran, are likely to be lower by about a tenth over previous year, according to the industry estimates.

“We expect total shipments for the current year to be lower by about 10 per cent over last year,” said Rajen Sundaresan, Executive Director of All India Rice Exporters Association.

Basmati exports were 3.57 million tonnes (mt) valued at Rs. 29,299 crore in 2013-14.

Source : dailyshippingtimes.com

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