Iran Crisis: Rice Exporters Urgently Request Relief Amid Export and Shipping Disruptions

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Iran Crisis Hits Rice Exports: Exporters Seek Urgent Govt Relief Amid Shipping Disruptions

Representational image (Image: News18)

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News18•05-03-2026, 14:45

Iran Crisis Hits Rice Exports: Exporters Seek Urgent Govt Relief Amid Shipping Disruptions

•Indian Rice Exporters Federation (IREF) seeks urgent government support due to shipping disruptions from the Iran crisis.
•Exporters face acute container shortages, vessel cancellations to the Middle East, and a 15-20% rise in international freight rates.
•War-risk surcharges, insurance premiums, and bunker fuel costs have significantly increased for Gulf-bound shipments.
•Basmati rice prices fell 7-10% in 72 hours, intensifying working-capital pressures for exporters.
•IREF requests waiver of port charges, facilitation for transit cargo, force majeure advisory, and temporary banking relief.

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