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Rice exporters seek urgent government support as Iran crisis disrupting exports

05-Mar-2026 17:08 Hrs IST

Indian Rice Exporters Federation (IREF) has said that rice exporters sought urgent government support to mitigate the impact of shipping disruptions amid Iran crisis and instability across key maritime routes. It said that exporters are facing an acute shortage of containers, suspension or cancellation of vessel calls to the Middle East, and sharply higher logistics costs. It noted that international freight rates have risen by an estimated 15-20 per cent, while war-risk surcharges and insurance premiums for Gulf-bound shipments have increased significantly. Bunker fuel costs have also climbed, with marine fuel oil prices rising to around $580 per tonne from about $520. The disruptions have also weighed on domestic prices, with basmati rice prices falling about 7-10 per cent in the past 72 hours, intensifying working-capital pressures for exporters. The federation has also requested facilitation for cargo in transit to be returned, redirected or diverted, with support from customs authorities and the Reserve Bank of India for documentation and payment adjustments. Further, exporters have sought an official advisory from the government or Agricultural and Processed Food Products Export Development Authority (APEDA) recognising the disruption as a force majeure-type event, which they say would help prevent contractual penalties.

Guar Seed futures trade higher on tight inventories

05-Mar-2026 16:06 Hrs IST

Guar Seed futures traded higher on NCDEX, boosted by the widening of bets tracking better demand outlook amidst tight inventory positions. Besides, narrowed supplies from growing regions also triggered positive trend.The contract for March delivery was trading at Rs 5,295.00 up by Rs 53.00 or 1.01% from previous closing of Rs 5,242.00. The open interest of the contract stood at 33,605 lots. The contract for April delivery was trading at Rs 5,345.00 up by Rs 52.00 or 0.98% from its previous closing of Rs 5,293.00. The open interest of the contract 33,370 lots on NCDEX.

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Prevent Unauthorized Transactions in your demat and trading account --> Update your Mobile Number/Email id with your Depository Participant and Stock Broker. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat/trading account directly from CDSL and Stock Exchanges on the same day.........issued in the interest of investors...

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