Economic TimesLean R·
US-Iran war sends rice prices higher in India
Rice, a staple on Indian plates, is getting pricier as the US-Iran war drives countries to lock in food supplies, pushing up global demand. Basmati prices have risen 15–20% in the first quarter of FY27 from a year earlier, while non-basmati varieties are up 20–25%, squeezed by stronger overseas demand and deficient rains in southern India.Prices are likely to stay high until the new crop arrives in October-November, leaving consumers with little chance of near-term relief.“Globally, all the cou…
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