According to statistics, Iran imports about 30-35 million kg of tea and about 1.5 million kg of basmati rice from India in a year.
Image Credit source: NewsNCR
Iran has imported tea and basmati rice from India since last week. (Iran Import Tea And Basmati Rice) New contracts have been completely stopped. There is no clear answer from the Iranian buyers regarding the reason for this sudden stop, but Indian exporters (Indian Exporter) It is widely believed that shops, hotels and markets in the West Asian country will remain closed amid strong anti-hijab agitation across the country.
On the other hand, a section of traders believe that talks are going on between New Delhi and Tehran on Rupee Trade Settlement Agreement, due to which Iranian importers may delay purchases.
How much does Iran import from India
According to the exporters, due to this whole development, the effect will be seen especially on the export of tea. Iran imports about 30-35 million kg of tea and about 1.5 million kg of basmati rice from India in a year. Anish Bhansali, managing partner of Bhansali & Co, a leading tea exporter from Iran, said in media reports that Iran had already reduced tea exports, now since last week buyers have stopped new contracts.
Can’t find a clear answer
At the same time, the Indian exporter is quite surprised, he is not getting any clear answer for this. According to the exporters, there is no clarity on why this happened suddenly. We have asked the Iranian buyers but they too have not been clear on the answer. “We have informed the Tea Board about this and we are waiting for everything to be cleared.
Increase in export of basmati rice
On the other hand, basmati exporters are also facing a similar problem, but its effect is being seen a little less. There is also a reason for this, due to the high demand of basmati rice in foreign markets, there is an increase in exports. After the Russia-Ukraine war, due to the increase in commodity demand, there has been an increase in prices.
: Language Inputs
