Indian basmati exports are facing headwinds in the current fiscal, after two years of strong growth, said an ICRANSE 0.71 % note released on Thursday. The ICRA note says that with uncertainty over level of exports to Iran as well as likely moderation in average export realisations, basmati rice exports are expected to be muted in FY2020. This is after basmati rice exports in FY2019 were at an all-time high at Rs. 32,806 crore, primarily led by aggressive buying by Iran, that enabled healthy grow ..
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