Basmati price rise due to demand surge, unrelated to India-Pakistan tensions: Exporters body
The All India Rice Exporters Association (AIREA) reports that recent Basmati rice price increases stem from heightened international demand, particularly from Saudi Arabia, Iran, and Iraq. AIREA clarifies that these price fluctuations are unrelated to geopolitical tensions between India and Pakistan, with export operations proceeding smoothly. Increased demand has nudged prices upward, though they remain below previous highs.
The All India Rice Exporters Association (AIREA) reports that recent Basmati rice price increases stem from heightened international demand, particularly from Saudi Arabia, Iran, and Iraq. AIREA clarifies that these price fluctuations are unrelated to geopolitical tensions between India and Pakistan, with export operations proceeding smoothly. Increased demand has nudged prices upward, though they remain below previous highs.
