March 10, 2015

10/03/2015: Basmati rice exports to Iran likely to resume soon

After several rounds of discussions, Iran is likely to start issuing permits to Indian exporters, paving the way for basmati exports, The Business Standard reports.  

“India may resume exports of basmati rice exports to Iran early next year,” said Ajay Sahai, Director General of the Federation of Indian Exports Organisation (FIEO).

Basmati rice exports from India in 2013-14 are likely to decline 10 percent due to Iran’s temporary stoppage of fresh order issuances. The country has not issued any fresh import permits after October 2014. However, execution of existing and past orders has continued.

“India does not face any ban in terms of basmati rice exports to Iran. Only thing is Iran has not issued import permits, which it does to any country before bringing consignments into its territory, since October due to oversupply. During past years, Iran had imported large quantity of basmati rice from India,” said A K Gupta, Director, Agricultural & Processed Food Products Export Development Authority (Apeda).

Once, import permit is issued, India would commence exports of basmati rice to Iran, said Gupta.


Read more HERE.

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