Rice prices rise as countries stock up amid US-Iran war: Report

Rice prices in India have risen as the US-Iran war prompts countries to secure food supplies, boosting global demand. Basmati prices rose 15-20% in Q1 FY27 to about ₹100/kg from ₹85/kg, while non-basmati varieties gained 20-25%, with Sona Masoori rising to ₹63-64/kg. Higher overseas demand and poor rains in southern India are adding pressure.