Indian rice, tea exporters decline over Middle East tensions

Rossell India

15/04/2024 05:19

** Shares of rice and tea exporters fall amid escalations in
Middle East tensions after Iran's retaliatory attack on Israel
over the weekend
    ** India is one of the top exporters of basmati rice and
tea, and Iran is a leading buyer of those commodities 
    ** Shares of rice exporters Kohinoor Foods  KOFO.NS , Adani
Wilmar  ADAW.NS , LT Foods  LTOL.NS , GRM overseas  GRMO.NS ,
Mishtann Foods  MIST.BO  down between 2%-8%
    ** Tea exporters such as Tata Consumer Products  TACN.NS ,
CCL Products  CCLP.NS , Rossell India  ROSS.NS  decline between
1%-5% 
    ** TACN is among top percentage losers on benchmark Nifty 50
index  .NSEI , which is down 1%

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))