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SPOTLIGHT: Basmati rice prices may fall further 20% on Israel-Iran conflict

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SPOTLIGHT

Basmati rice prices may fall further 20% on Israel-Iran conflict

This story was originally published at 14:53 IST on June 18, 2025  Back
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By J. Navya Sruthi

Prices of basmati rice, which fell more than 10% in a month, are expected to fall further by about 20% in the near future on account of the Israel-Iran conflict, market participants said. Demand for basmati rice from Iran, the third-largest importer of the grain from India, may decline sizeably, they said.

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