Markets

GRM Overseas to Kohinoor Foods — Basmati rice stocks fall up to 3.5% due to Iranian currency crisis

January 12, 2026

Basmati rice stocks like GRM Overseas, Sarweshwar Foods, and Kohinoor Foods fell nearly 3.5% on Monday, January 12, after exports of basmati rice to Iran were hit with uncertainty. Kohinoor Foods' share price was the biggest laggard among the pack, as it cracked 3.37% to ₹24.91 apiece. Sarveshwar Foods and GRM Overseas shares plunged over 2% each.

GRM Overseas to Kohinoor Foods — Basmati rice stocks fall up to 3.5% due to Iranian currency crisis

Credit: Livemint

Key Highlights

Other basmati rice exporting stocks, LT Foods and KRBL, were also down up to 1.3% in trade today.
Exports of premium basmati rice to Iran are facing renewed uncertainty, impacting farmers and processors in Punjab and Haryana.
The setback comes after a steep depreciation in the Iranian currency following stricter US sanctions.
As the rial hit a fresh low against the US dollar, the Iranian government withdrew subsidies on food imports, leading Indian exporters to suspend shipments.
According to media reports, shipments worth around ₹2,000 crore are now stranded at international ports, awaiting clearance for export to Iran.

Sources

GRM Overseas to Kohinoor Foods — Basmati rice stocks fall up to 3.5% due to Iranian currency crisis

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

GRM Overseas to Kohinoor Foods — Basmati rice stocks fall up to 3.5% due to Iranian currency crisis

Key Highlights

Sources

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