# Rice exporters to meet Apeda as Gulf tensions threaten $6 billion basmati trade | Mint

> Indian basmati exporters are preparing to meet APEDA as Gulf tensions disrupt shipping, with the Gulf accounting for 60-70% of India's basmati exports. Some consignments are stuck, and crude-driven volatility is expected to raise domestic edible oil prices.

- Date: 2026-03-02 · published 2026-03-02T12:00:00.000Z
- Category: geopolitics · region India · magnitude medium
- Page: https://feedsoft.ai/events/12575-rice-exporters-to-meet-apeda-as-gulf-tensions-threaten-6-billion-basmati-trade
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Disrupted Gulf and Afghan shipments weigh on basmati demand, while higher crude and freight costs push palm oil and edible oil values up.

## Read by commodity

- RICE: bearish ▼
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2026-03-04 | [Basmati rice prices fall in local market as Iran war disrupts exports - The Economic Times](https://feedsoft.ai/events/12574-basmati-rice-prices-fall-in-local-market-as-iran-war-disrupts-exports-the.md) | +3.1% | +7.5% |
| RICE | 2019-02-12 | [Gulf threats could put the mockers on India’s grand new agri-export policy](https://feedsoft.ai/events/60566-gulf-threats-could-put-the-mockers-on-india-s-grand-new-agri-export-policy.md) | -3.9% | +2.1% |
| 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% |
| PALMOIL | 2026-04-02 | [HLIB Research: Middle East tensions to lift near-term palm oil prices](https://feedsoft.ai/events/9476-hlib-research-middle-east-tensions-to-lift-near-term-palm-oil-prices.md) | -1.0% | -2.2% |
| PALMOIL | 2024-10-03 | [Malaysian Palm Oil Prices Climb Due To Middle East Tensions](https://feedsoft.ai/events/7767-malaysian-palm-oil-prices-climb-due-to-middle-east-tensions.md) | -0.9% | +1.5% |
| PALMOIL | 2026-03-02 | [Oil Prices Surge as Hormuz Disruptions Threaten Global Supply, Analysts Warn - Bloomberg](https://feedsoft.ai/events/8003-oil-prices-surge-as-hormuz-disruptions-threaten-global-supply-analysts-warn.md) | +5.0% | +8.4% |

## Sources

- livemint.com: https://www.livemint.com/economy/india-basmati-rice-exports-west-asia-tensions-shipping-costs-trade-disruption-11772446034399.html

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