Trade sources said that the hostile political relations between Iran and India are behind the fall of rice import of Iran from India. Recently, Iran started importing basmati rice from Pakistan. The executive director of All India Rice Exporters’ Association, Rajan Sundareshan, said that the comeback of Iran to India market would improve the basmati rice exports of India. http://goo.gl/ko2IWp

2. Exporters of Basmati rice are concerned at
the sudden falling prices of their products
in the wake of supply excess. According to
the Agricultural and Processed Food
Products Export Development Authority,
there is a decline in export of basmati rice.
Gurnam Arora who is the joint managing
director of Kohinoor Foods revealed that
Iran has bought a lesser quantity of basmati
rice in the past eighteen months, mainly for
political reasons.
Exporters of Basmati rice

3. In 2014-15, Saudi Arabia became the largest destination for export of
basmati rice from India and its market did well. The Director General of
Federation of Indian Export Organizations, Ajai Sahai, said that the Iranian
government takes a decision on rice import founded on the actual paddy
crop. As the usual harvesting season is September, Sahai said that any
decision regarding bilateral import of rice will be taken around that time.
Export of Basmati rice

4. This means that exporters of basmati rice had to
wait some months for any agreement on purchase
to get signed with India.
Another reason behind the falling prices of
basmati rice is the emergence of some rivals in the
global market. That lowered the demand of
basmati rice from perennial importers of India. In
addition, importing nations are still using basmati
rice imported earlier so that they do not need new
quantities for now.
Global Market

5. For more update click here…
http://www.kamalkantdewan.com/
Thank You