# Basmati exporters fear volume hit - The HinduBusinessLine

> Indian basmati exporters fear lower shipment volumes after the Iranian rial fell sharply against the dollar and Iran imposed its seasonal rice import ban from late July. Iran and Saudi Arabia together account for close to half of India's basmati shipments, and Dubai pesticide norms are also a concern.

- Date: 2018-08-01 · published 2018-08-01T12:00:00.000Z
- Category: trade · region Iran · magnitude medium
- Page: https://feedsoft.ai/events/63496-basmati-exporters-fear-volume-hit-the-hindubusinessline
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Weaker Iranian purchasing power and import bans reduce demand for Indian basmati, which is bearish for rice export prices while Iranian demand remains constrained.

## Read by commodity

- RICE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2017-09-21 | [Q1 basmati exports up 32% - The HinduBusinessLine](https://feedsoft.ai/events/68937-q1-basmati-exports-up-32-the-hindubusinessline.md) | -7.1% | -6.7% |
| RICE | 2020-05-08 | [Non-basmati exports may rebound as India attracts new customers - The HinduBusinessLine](https://feedsoft.ai/events/53192-non-basmati-exports-may-rebound-as-india-attracts-new-customers-the.md) | +3.4% | +22.0% |
| RICE | 2025-03-12 | [India may find it tough to win back 100% broken rice importers - The HinduBusinessLine](https://feedsoft.ai/events/25654-india-may-find-it-tough-to-win-back-100-broken-rice-importers-the.md) | -1.6% | -1.7% |
| RICE | 2020-02-05 | [Rice exports may fall by 20 per cent this fiscal  - The HinduBusinessLine](https://feedsoft.ai/events/54540-rice-exports-may-fall-by-20-per-cent-this-fiscal-the-hindubusinessline.md) | +0.1% | -1.3% |
| RICE | 2021-09-22 | [Rice exports from India lose steam in the current quarter - The HinduBusinessLine](https://feedsoft.ai/events/45022-rice-exports-from-india-lose-steam-in-the-current-quarter-the-hindubusinessline.md) | +0.6% | -0.9% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/economy/agri-business/basmati-exporters-fear-volume-hit/article24574828.ece

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