An Giang Import Export : Basmati rice prices surge before Iran ban

Basmati prices have climbed on rising demand from Iran, which plans to ban inbound shipments of the unique Indian rice variety, while prices of non-aromatic rice in eastern India remained flat as exports to Bangladesh came to a halt after the country doubled import duty on the grain.

'Basmati prices have been increasing. In the last one month, we saw a jump of 20%, largely in 1121 variety, which is trading at Rs 46 a kg at wholesale rates,' said Mohinder Pal Jindal, president of All ..