Nigeria, Jan. 20 -- India is moving swiftly to diversify its basmati rice export destinations as political and economic turmoil in Iran continues to disrupt shipments and delay payments, raising concerns among exporters.



The Indian Rice Exporters Federation has flagged rising risks tied to the Iranian market, noting that weeks of nationwide unrest, a weakening currency and inflation have slowed trade flows. Exporters say consignments valued at over Rs1,500 crore remain stuck at Iranian ports, while delayed payments have made fresh shipments increasingly unattractive.



The News Chronicle understands that Indian exporters are now redirecting attention to alternative markets across Africa, West Asia and Europe in a bid to protect rev...