Overview
- Punjab rice exporters filed new requests to the Union Commerce Ministry for relief, saying disruptions to basmati shipments persist.
- The industry proposed crude-for-rice swaps with Iran or payment through the Asian Clearing Union, which lets member central banks settle trade in local currencies.
- Trade groups reported about 60,000 tonnes stuck at ports or at sea, while a parliamentarian’s claim of 60 lakh tonnes lacks corroboration.
- Freight, marine insurance, and port handling costs jumped, and reports of a drone strike near Dubai fueled fresh security and insurance worries.
- The Centre has begun offering help, according to one report, yet exporters continue to seek interest waivers, subsidies, and cover for stranded cargo.