After a gap of more than a year, Iran is expected to issue fresh licences for import of Basmati rice from India over the next two months.
“We have got indications from importers in Iran that they may issue fresh licences from December or January,” said Rajen Sundaresan, executive director, All-India Rice Exporters’ Association (AIREA).
Iran had stopped issuing fresh licences for Basmati import since October last year, citing reasons such as high pesticide content and self-sufficiency in production. Traditionally, Basmati is India’s top agri-export commodity and Iran is its biggest buyer. As a result of Iran’s reluctance, Basmati export has taken a major hit. In
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Exporters expect Iran to issue fresh Basmati rice permits by Dec
Updated On :
2015-11-05
Lifting of Iran sanctions boon for basmati
Updated On :
2015-11-05
Lifting of global economic sanctions on Iran could, it is hoped in the trade, enable a new record for basmati rice export to that country from here in 2015-16. Iran is also expected to cut import duty on Indian basmati from 40 per cent now to 20 per cent from the new season, starting October.
Our basmati export was a record 1.44 million tonnes in 2013-14, due to Iran's stockpiling of aromatic rice amid hardening of economic sanctions by Western powers. These plunged 35 per cent (to 0.94 mt) in volume and 39 per cent in value ($1,108 mn) in 2014-15, with Iran almost halting the import from India since October las