Iran suspends purchases of Indian tea and basmati

Since last week, Iran has completely stopped signing new contracts to import tea and basmati rice from India. While there is no clear explanation from Iranian buyers as to the reason for this sudden stop, Indian exporters say this is largely due to the fact that shops, hotels and markets in the West Asian country have been forced to sell their goods amid a strong anti-hijab movement across the country. I believe this is because it remains closed in

Some traders believe Iranian importers may be delaying purchases as New Delhi and Tehran work on a rupee trade settlement agreement.

According to exporters, Iran imports about 30-35 million kg of orthodox tea and about 1.5 million kg of basmati rice from India annually, which will affect exports of these commodities, especially tea.

Tea exports to Iran had slowed down before, but buyers from there “had stopped registering new contracts from last week,” said Bansari & Co., a managing partner at major tea exporters to Iran. said Anish Bansari. “There is no clear reason as to why this suddenly happened. We have asked the Iranian buyers and they have no clear answer. Basmati exporters are facing the same problem, but as basmati exports have increased since the war between Russia and Ukraine due to high global demand and rising commodity prices, the impact would be less.