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Basmati rice exporters in a fix over falling

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Lrum Anees
Lrum Anees

Trade sources said that the hostile political relations between Iran and India are behind the fall of rice import of Iran from India. Recently, Iran started importing basmati rice from Pakistan. The executive director of All India Rice Exporters’ Association, Rajan Sundareshan, said that the comeback of Iran to India market would improve the basmati rice exports of India. http://goo.gl/ko2IWp

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Basmati rice exporters in a fix over falling
Exporters of Basmati rice are concerned at the sudden falling prices of their products in the wake of supply excess. According to the Agricultural and Processed Food Products Export Development Authority, there is a decline in export of basmati rice. Gurnam Arora who is the joint managing director of Kohinoor Foods revealed that Iran has bought a lesser quantity of basmati rice in the past eighteen months, mainly for political reasons. Exporters of Basmati rice
In 2014-15, Saudi Arabia became the largest destination for export of basmati rice from India and its market did well. The Director General of Federation of Indian Export Organizations, Ajai Sahai, said that the Iranian government takes a decision on rice import founded on the actual paddy crop. As the usual harvesting season is September, Sahai said that any decision regarding bilateral import of rice will be taken around that time. Export of Basmati rice
This means that exporters of basmati rice had to wait some months for any agreement on purchase to get signed with India. Another reason behind the falling prices of basmati rice is the emergence of some rivals in the global market. That lowered the demand of basmati rice from perennial importers of India. In addition, importing nations are still using basmati rice imported earlier so that they do not need new quantities for now. Global Market
For more update click here… http://www.kamalkantdewan.com/ Thank You

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Basmati rice exporters in a fix over falling

  • 2. Exporters of Basmati rice are concerned at the sudden falling prices of their products in the wake of supply excess. According to the Agricultural and Processed Food Products Export Development Authority, there is a decline in export of basmati rice. Gurnam Arora who is the joint managing director of Kohinoor Foods revealed that Iran has bought a lesser quantity of basmati rice in the past eighteen months, mainly for political reasons. Exporters of Basmati rice
  • 3. In 2014-15, Saudi Arabia became the largest destination for export of basmati rice from India and its market did well. The Director General of Federation of Indian Export Organizations, Ajai Sahai, said that the Iranian government takes a decision on rice import founded on the actual paddy crop. As the usual harvesting season is September, Sahai said that any decision regarding bilateral import of rice will be taken around that time. Export of Basmati rice
  • 4. This means that exporters of basmati rice had to wait some months for any agreement on purchase to get signed with India. Another reason behind the falling prices of basmati rice is the emergence of some rivals in the global market. That lowered the demand of basmati rice from perennial importers of India. In addition, importing nations are still using basmati rice imported earlier so that they do not need new quantities for now. Global Market
  • 5. For more update click here… http://www.kamalkantdewan.com/ Thank You