India proposes to resume exports of Basmati to Iran soon as the temporary ban placed by the Persian Gulf country late last year is likely to be lifted. The process of registration of suppliers was expected to commence any time, sources said.
Once the import permit was issued, India would commence exports of the aromatic rice to Iran, a senior official of the Agricultural and Processed Food Products Export Development Authority (Apeda) said.
“India does not face any ban in terms of Basmati exports to Iran. Only thing is Iran has not issued the import permit, which it does to any country before bringing consignments into its territory, since October due to oversupply. During past years, Iran imported large quantity of Basmati from India,” he said.
During April and December 2014, the overall Basmati exports declined by over six per cent at 2.57 million tonnes as compared to 2.74 million tonnes reported in the corresponding period of last year.
In value terms, overall Basmati exports declined by 2.64 per cent to $3,373.23 million in the first nine months of the current financial year as compared to $3,465 million in the same period of last year.
This post was written by Atlantic Admin