# Karnal to stop rice export to Iran

> Karnal-based basmati exporters have stopped shipping to Iran until the situation normalises, and will only sell against advance payment or letters of credit. Exporters are owed about Rs 1,400 crore by Iran, and Iranian shipments were far below last year's levels.

- Date: 2020-01-17 · published 2020-01-17T12:00:00.000Z
- Category: geopolitics · region India · magnitude medium
- Page: https://feedsoft.ai/events/55052-karnal-to-stop-rice-export-to-iran
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Halting shipments to a major basmati buyer and requiring prepayment reduces Indian rice export volumes and could weigh on Haryana farm-gate prices.

## Read by commodity

- RICE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2020-01-08 | [US-Iran crisis hits rice exporters, hundreds of containers struck at Gujarat port](https://feedsoft.ai/events/55049-us-iran-crisis-hits-rice-exporters-hundreds-of-containers-struck-at-gujarat-port.md) | +1.7% | +5.5% |
| 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 | 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 | 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 | 2019-05-01 | [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% |

## Sources

- etvbharat.com: https://www.etvbharat.com/english/business/business-news/karnal-millers-stop-rice-export-to-iran/na20200117180805510

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