Source: APEDA, DGCIS Further, Kaul said that stalled payments from Iran have started coming and the pace of remittances has been slow. About half of the estimated stalled payments of ₹2,000 crore since 2019, have been realised, so far, he said. AIREA sees the opening up of markets such as Argentina and Peru as a positive for the Indian rice shipments. “These are new markets in South America that are opening up for our basmati rice. They generally import long grain rice from North America. Some promotion programmes are needed to make a dent into these markets. We need to wait and watch,” Kaul said.