Categories: Business

Middle East conflict hits rice traders: Basmati exporters left pending payments; funds ranging Rs 2,000 to Rs 25,000 crore in limbo

West Asia’s escalating conflict is severely impacting India’s premium basmati rice trade, with thousands of crores in payments pending and consignments stuck at ports. This disruption threatens significant losses for Indian traders and could negatively affect farming communities. The government is assessing the broader implications for various Indian sectors exposed to the region.

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The News Vista
7 months ago

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