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Indian rice exporters see Iranian demand defying US sanctions risk

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Indian rice exporters see Iranian demand defying US sanctions risk

Home / Economy / News / Indian rice exporters see Iranian demand defying US sanctions risk

Rice dominates trade between the two countries, accounting for nearly two-thirds of India's $1.25 billion in exports to Iran in the fiscal year-ended March

Demand from Iran has held up despite higher prices and months of war-driven trade disruption | Image: Bloomberg

Bloomberg 3 min read Last Updated : Aug 26 2026 | 9:05 AM IST

India, the world’s biggest rice exporter, is confident sales to Iran can weather the threat of tougher US sanctions, with shipments holding up despite higher prices and months of wartime disruption.

Rice dominates trade between the two countries, accounting for nearly two-thirds of India’s $1.25 billion in exports to Iran in the fiscal year-ended March, government data show. Iran, in turn, bought about 7 per cent of India’s $11.5 billion in global rice exports.

Demand from Iran has held up despite higher prices and months of war-driven trade disruption as the country has been purchasing for “food security reasons,” according to Ajay Bhalothia, general secretary of the All India Rice Exporters Association.

Bhalothia expressed confidence the trade will continue uninterrupted even as US President Donald Trump’s administration on Monday unveiled sanctions against more than 60 entities, and threatened economic punishment against any country doing business with Iran.

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