Indian delegation to visit Iran for resuming Basmati Rice exports Back to News & Events List


The delegation comprising Government officials and exporters will travel to Iran on January 27-29, Mohinder Pal Jindal, President of All India Rice Exporters Association, said recently. He said the industry is hopeful that Iran will lift the ban on imports of basmati rice from India that has been in place for the past four months.

"We have to counter other countries' efforts because our share in Iran's imports has fallen drastically," said a Government official.

Iran has been one of the largest importers of Indian basmati rice in recent years. But in 2015-16, however, basmati rice exports from India to Iran almost halved to $571 million from $1.1 billion in the previous financial year.

In the first half of this fiscal, basmati rice exports from India to Iran amounted to $ 356 million.

Iran has seen a spurt in trading ties with a large number of countries since January last year, when it was freed of economic sanctions imposed by the West for its nuclear programme. "We need to promote exports of basmati rice in Iran especially because other countries are aggressively promoting their varieties of rice," said another official.

Original Source: dailyshippingtimes.com


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