Middle East conflict hits rice traders: Basmati exporters left pending payments; funds ranging Rs 2,000 to Rs 25,000 crore in limbo
India’s premium basmati rice trade has come under severe strain as the escalating conflict in West Asia disrupts exports, blocks consignments at ports and leaves payments worth thousands of crores pending, raising concerns for traders and farmers alike.A Bhopal-based businessman told ANI that consignments of Premium 1121 Basmati rice, earlier exported regularly, are now stuck…