Wednesday 25 February 2015

Basmati exports may dip 10% on Iran ban

Iranian authorities have recently assured the Indian officials that the ban will be lifted shortly and the re-registration process of suppliers would commence soon.

Export Markets
A notification to this effect is likely to be issued by Iran by March 21. Higher demand from traditional markets such as United Arab Emirates and Qatar, and newer markets mainly in Africa such as Algeria, Angola, Ethiopia, Kenya, Nigeria and Tanzania among others have helped offset the impact of Iranian ban to certain extent. European countries such as Denmark and Czech Republic have seen an increase in basmati shipments from India.