Iran-Israel conflict: Exporters of basmati rice, tea worried
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Indian exporters of basmati rice and tea are worried following Iran’s attack on Israel, fearing it could impact outward shipment of the two commodities, even as edible oil importers said sunflower oil prices could start to rise.
Iran accounted for $598 million of the total nearly $4.59 billion worth of basmati rice exported in the first 11 months of last fiscal, as per government data. Exporters are also hoping to ship 40 million kgs of tea to Iran this year.
