Basmati rice exporters' shares in focus after Trump slaps 25% tariff on Iran-linked trade
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Leading shares of basmati rice exporters — LT Foods, KRBL, and Chaman Lal Setia Exports — remained in focus on Tuesday (January 13) after US President Donald Trump announced 25% tariff on any country trading with Iran. “Effective immediately, any country that does business with the Islamic Republic of Iran will face a 25% tariff on all trade with the United States,” Trump wrote on Truth Social, adding that the order is “final and conclusive." Also read: IT Q3 earnings season begins on a strong note as TCS, HCL Tech top estimates This comes amid the rising tensions over Iran’s internal crackdown on protests and comes amid warnings of possible military action, including air strikes.The move, which takes immediate effect, is expected to heighten concerns among Indian exporters, given Iran’s significant role as a key buyer of Indian basmati rice. Live Events Iran is one of the largest importers of Indian basmati rice, both in terms of vo...