# Basmati rice prices fall in local market as Iran war disrupts exports - The Economic Times

> Basmati rice prices in India fell 5% to 6% locally after export disruptions to the Middle East, which account for about half of India's basmati shipments. Around 400,000 tonnes are held up at ports and in transit.

- Date: 2026-03-04 · published 2026-03-04T12:00:00.000Z
- Category: geopolitics · region India · magnitude medium
- Page: https://feedsoft.ai/events/12574-basmati-rice-prices-fall-in-local-market-as-iran-war-disrupts-exports-the
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Stalled Gulf shipments create a domestic surplus that pressures local basmati prices, and further declines are expected if the conflict continues.

## Read by commodity

- RICE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2020-02-29 | [Coronavirus in Iran takes a toll on basmati exports, domestic prices fall \| Commodity - Food & Edible Oils - Business Standard](https://feedsoft.ai/events/54551-coronavirus-in-iran-takes-a-toll-on-basmati-exports-domestic-prices-fall.md) | -4.7% | +3.4% |
| RICE | 2019-05-01 | [How the US move on Iran oil could hit India's basmati rice exports \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/59033-how-the-us-move-on-iran-oil-could-hit-india-s-basmati-rice-exports-economy-and.md) | +3.6% | +14.0% |
| RICE | 2020-01-06 | [Suspend basmati rice exports to Iran till situation improves: Trade body advisory to members – Firstpost](https://feedsoft.ai/events/55051-suspend-basmati-rice-exports-to-iran-till-situation-improves-trade-body.md) | +0.6% | +4.4% |
| RICE | 2020-01-13 | [AgroPages-Tensions between US and Iran hit Basmati rice export-Agricultural news](https://feedsoft.ai/events/55158-agropages-tensions-between-us-and-iran-hit-basmati-rice-export-agricultural-news.md) | +3.4% | +4.7% |
| RICE | 2026-03-02 | [Rice exporters to meet Apeda as Gulf tensions threaten $6 billion basmati trade \| Mint](https://feedsoft.ai/events/12575-rice-exporters-to-meet-apeda-as-gulf-tensions-threaten-6-billion-basmati-trade.md) | +4.9% | +6.7% |

## Sources

- economictimes.indiatimes.com: https://economictimes.indiatimes.com/industry/cons-products/food/basmati-rice-prices-fall-in-local-market-as-iran-war-disrupts-exports/articleshow/129044995.cms

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.