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Basmati prices may fall 5–10% as Strait of Hormuz closure hits exports
"After the interim (US-Iran) peace deal was announced, exporters started buying basmati rice in good quantities for shipment to the Middle East and prices surged 15-20%. But this sudden announcement will bring down prices," said Dev Garg, vice-president, Indian Rice Exporters Federation.
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thehindubusinessline.com
Hormuz reopening spells relief for exporters while shipping risks linger
The reopening of the Strait of Hormuz offers relief to exporters amid ongoing shipping risks and rising logistics costs.
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economictimes.indiatimes.com
Basmati prices may fall 5–10% as Strait of Hormuz closure hits exports
"After the interim (US-Iran) peace deal was announced, exporters started buying basmati rice in good quantities for shipment to the Middle East and prices surged 15-20%. But this…