Orthodox tea exports are thriving, with Iran s controlled payments and Indian ambassador Rudra Gaurav Shresth s support aiding trade. Mohit Agarwal of Asian Tea anticipates a 10% increase in overall exports, citing a rise in exports to Russia.
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Closely watched by the world for any escalation, the Iran-Israel conflict is already showing early signs of stress for India Inc - longer deliveries, doubling freight rates, extended working capital cycles, and higher costs.
For those yet to feel the heat, there is growing apprehension and nervousness over future developments, observed industry executives.
Basmati Rice Export: Basmati rice is another agri-commodity which Iran imports from India. In FY24, India exported one million kg of basmati rice to Iran, out of its total exports of 4.9 million kg.