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West Asian issues impact Indian Basmati exports
There has been a significant decline of around 25% in India's Basmati rice exports to West Asia due to unrest, leading to decreased demand from major countries like Iraq, Iran, Qatar, and Saudi Arabia. As a result, some shipments have been redirected to new markets such as Jordan, the United Kingdom, Italy, and the Netherlands, with exports to some of these markets increasing. Meanwhile, China's imports have seen a notable rise. This decline is expected to impact the productivity of two major Indian states, with challenges mounting due to a shortage of fertilizers.
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