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West Asia war: India’s premium basmati rice exports hit with payments worth Rs 2,000-25,000 crore stuck

According to a Bhopal-based businessman, consignments of Premium 1121 basmati rice are currently stuck at ports, with payments worth Rs 2,000 crore to Rs 25,000 crore pending

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Payments ranging from Rs 2,000 crore to Rs 25,000 crore are pending, causing serious difficulties to traders, says a businessman amid mideast war. Representational Pic

Payments ranging from Rs 2,000 crore to Rs 25,000 crore are pending, causing serious difficulties to traders, says a businessman amid mideast war. Representational Pic

The ongoing West Asia war has sharply disrupted India’s premium basmati rice exports, inflicting heavy losses on traders and putting farmers’ livelihoods at risk, the ANI reported.

According to a Bhopal-based businessman, consignments of Premium 1121 basmati rice are currently stuck at ports, with payments worth Rs 2,000 crore to Rs 25,000 crore pending. 

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