Indian rice, tea exporters decline over Middle East tensions
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Shares of rice and tea exporters fall amid escalations in Middle East tensions after Iran’s retaliatory attack on Israel over the weekend
India is one of the top exporters of basmati rice and tea, and Iran is a leading buyer of those commodities
Shares of rice exporters Kohinoor Foods KOFO.NS, Adani Wilmar ADAW.NS, LT Foods LTOL.NS, GRM overseas GRMO.NS, Mishtann Foods MIST.BO down between 2%-8%
Tea exporters such as Tata Consumer Products TACN.NS, CCL Products CCLP.NS, Rossell India ROSS.NS decline between 1%-5%
TACN is among top percentage losers on benchmark Nifty 50 index .NSEI, which is down 1%
