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US-Iran war sends rice prices higher in India
The Economic Times
September 14, 2026
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Rice, a staple on Indian plates, is getting pricier as the US-Iran war drives countries to lock in food supplies, pushing up global demand. Basmati prices have risen 15–20% in the first quarter of FY27 from a year earlier, while non-basmati varieties are up 20–25%, squeezed by stronger overseas dema
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