
Rice Imports Banned.

The import of rice has been practically banned since early November and no kind of rice can undergo customs clearance, according to the head of Rice Importers Association of Iran.
“Respective officials have cited ‘balancing out bilateral trade’ as the reason for banning rice imports from the countries we normally purchase the grain from,” Karim Akhavan-Akbari was also quoted as saying by the news portal of Iran Chamber of Commerce, Industries, Mines and Agriculture.
His comments came after it was earlier announced that only Indian rice imports were banned...
Rice imports at nearly 1.3m tons in 10 months

TEHRAN- Iran has imported 1.298 million tons of rice during the first 10 months of the current Iranian calendar year (March 21, 2019-January 20, 2020), the spokesman of the Islamic Republic of Iran Customs Administration (IRICA) announced.
According to Rouhollah Latifi, so far, 1.053 million tons of the mentioned amount has been fully cleared, while the clearance licensing process is underway for another 51,000 tons. Imports of foreign rice are prohibited every year during the harvest season of domestic rice, which is from late July to late November, Latifi said, adding that since the bans on imports were lifted, the imports have been underway smoothly. The country’s rice cultivation and production have grown this year due to favorable weather conditions and imports have also been higher than the previous years, the official said. Back in October 2019, Deputy Agriculture Minister Abdolmehdi Bakhshandeh announced that Iran has become completely self-sufficient in rice production as it plans to cut up to two million tons of imports a year. The Statistical Center of Iran estimates that Iranians consume approximately 35 kilograms of rice per person each year. That would mean a domestic demand of nearly three million tons for a country of 83 million people. Bakhshandeh said rice self-sufficiency would save Iran more than $1.1 billion in imports, adding that it would also be a major success amid efforts to minimize the impacts of the American sanctions on food security in the country.Indian Basmati Rice Exporters Facing Iran Defaults Woes

Iran tenders to buy 20,000 tonnes Basmati rice from Pakistan – trade

How India is paying the price of rice exports to Iran; the story
How India is paying the price of rice exports to Iran; the story is of crashed markets, reneging buyers
There are whispers in the market that Iranian buyers are yet to pay for 1.25 lakh tonnes of rice—valued at nearly Rs 875 crore—that had been shipped out in 6,000 containers a few months back.

Price cap on Indian rice supports Pakistan’s rice exports to Iran

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Don’t tax branded rice under GST, cut taxes on procurement: Vijay Setia, president, AIREA
Vijay Setia, president, All Indian Rice Exporters Association (AIREA), spoke on critical issues currently impacting the exporters and millers.

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Corn and rice had the largest share of non-oil imports into Iran in terms of tonnage in the first month of the current Iranian year (started March 21.
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Export Summary-Iran buys rice, Philippines buys feed wheat
Exporters losing out on Iranian rice market
KARACHI: Pakistan is losing the Iranian rice export market of $500 million because commercial banks are reluctant to open letters of credit and issue Form-E even after the lifting of sanctions in January 2016.
Iran was a key importer of Pakistan’s super basmati rice, but the trade came to a virtual halt after the imposition of sanctions on Tehran.
After sanctions and an economic embargo were lifted 14 months back many countries restarted trading with Iran but Pakistan has yet to normalise trade relations with its neighbour. Even during sanctions, there was no food embargo on Iran, and India kept supplying food items including basmati rice to Iran in barter arrangement.
Pakistan, however, ceased trade with Iran, which allowed Indian exporters to capture the Iranian market. Today India exports one million tonnes of Basmati rice worth $1 billion.
Rice Exporters Association of Pakistan (REAP) Chairman Mahmood Moulvi told Dawn that he took up the issue with Finance Minister Ishaq Dar in October who assured him of resolving the problem at the earliest.
Later the matter was taken up with the State Bank of Pakistan (SBP) and the Trade Development Authority of Pakistan (TDAP), Mr Moulvi said.
In a letter on Feb 3, REAP drew the attention of the SBP governor to the issue. The association urged the government to direct the National Bank of Pakistan (NBP) to help restore the country’s share in the Iranian export market if the private banks are reluctant to cooperate. The REAP chairman said there was a time when Pakistan’s basmati rice dominated the Saudi Arabian market. But today, around 80pc of the market has been captured by Indian exporters.
Before the imposition of sanctions, Pakistan exported between 300,000 and 400,000 tonnes of super basmati rice to Iran and earned around $300-$400m per annum. Today we can earn up to $500m, he added.
Price cap on basmati rice imports by Iran worries Indian exporters

Basmati rice exports delayed due to resumption of imports by Iran, says ICRA
Delay in resumption of imports by Iran is likely to hinder the recovery in Indian Basmati rice exports, says credit rating agency, ICRA, in its latest update note on Indian Basmati rice industry.
New Delhi [India], Feb. 18 (ANI): Delay in resumption of imports by Iran is likely to hinder the recovery in Indian Basmati rice exports, says credit rating agency, ICRA, in its latest update note on Indian Basmati rice industry. ICRA has estimated this as a temporary delay, considering Iran’s insufficient domestic rice production and depleting inventory levels to meet its demand. In ICRA’s view, the price cap of USD 850 per metric tonne (MT) could pose further hurdles for the Basmati rice industry; given that during the current procurement season average Basmati paddy prices have been higher by 20-25 percent. Thus an inflow of orders from Iran, even after the import ban is lifted, remains to be seen. “Iran is a major export destination for Indian Basmati rice and decline in demand from Iran has played a role in the declining realisations of exports from India – from USD 1298/MT in FY2014 to USD 784/MT in FY2017,” said Deepak Jotwani, Assistant VP, ICRA Ltd. Iran is amongst the major importers of Basmati rice from India. However, over the years, the Iranian Government has imposed a ban on import of Basmati rice from time to time, as per the movement in inventory held by its rice traders and also to safeguard the interests of its local farmers. Iran last imposed a ban on import of Basmati rice in July 2016. Given that the ban persisted against industry expectations, the Government of India sent a trade delegation to Iran in January 2017 to resolve the issue. Following this, it was expected that the import ban would be removed soon. While there has been no official notification from Iran, a group of large Basmati rice importers in Iran have recently capped the price of Basmati rice imports at USD 850/MT. In another adverse development for the industry, the US has recently imposed fresh trade sanctions on Iran, which restrains Iran’s use of the US dollar for trade. These two developments have created uncertainty around the resumption of Basmati rice exports to Iran. While Basmati rice is consumed across the globe, West Asian countries continue to account for most of the imports (75 percent of Indian Basmati rice exports in FY2016). Within West Asia, Iran and Saudi Arabia are the two largest buyers, together accounting for 40 to 50 percent of total Basmati rice exports from India. In the past, Iran had been placed under economic sanctions by the USA, Europe and the United Nations, following which the Government of India implemented the rupee payment mechanism through UCO Bank to facilitate trade between India and Iran. This led to a surge in Indian Basmati rice exports to Iran (primarily Pusa 1121 variety) over FY2013 and FY2014 and it emerged as the largest importer (37 percent) of Basmati rice from India. However since then, exports to Iran have largely been on a downward trajectory owing to the import bans imposed. This has reflected in declining export realisations for the last few years. (ANI) This is published unedited from the ANI feed.After Trump sanctions, currency crisis in Iran hits India’s basmati exports
Trade sources believe that Iran is looking to use the euro in place of the dollar

Indian Basmati Hopes Fade Over Fixed Import Price
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Economy
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Domestic Economy
Indian Basmati Hopes Fade Over Fixed Import Price
Bad news for India’s basmati rice exports as Iran imposes caps on imports, prices
India’s basmati rice exports to Iran, a major destination for the long-grained aromatic rice from the country, is expected to take a big hit after Tehran put upper limits for import and consumer prices of the cereal.

India may lose top slot to Pakistan in Basmati export race
Iran may soon issue notification to resume Basmati rice import
Iran may soon start issuing fresh permits for rice imports
Iranian Gov’t Cuts Import Tariffs for Agrofood Products
Iran booster shot likely to raise realisation to $800 per tonne from basmati exports this fiscal
After a sluggish beginning in the first half of the current fiscal, realisation from India’s basmati rice exports is likely to rise in the next couple of months, with Iran likely to resume rice imports shortly.

India to nudge Iran to resume Basmati imports
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