The Economic Times
A new front has been opened for the export of basmati rice as Latin America (LatAM) has opened doors to Indian basmati rice for the first time. The LatAm countries have sent import enquiries to Indian basmati exporters who said consignments will leave Indian ports in December.
This new market has come as a relief to Indian exporters as they have lost a major market, Iran, due to payment issues.