Exporters of Indian basmati rice and tea to Iran are keeping their fingers crossed waiting for the picture to clear after President Donald Trump re-imposed US sanctions on Iran. They are keen to trade in Euro or any other currency, if the dollar trade stops following the sanctions. Iran is a big market for Indian basmati rice and premium-quality orthodox tea and exporters feel they may to lose the Iran market. Iran is a big market for basmati rice. At present, there is a lot of confusion in the market on what will happen after US sanctions. Our government is in talks with Iranian government to avoid US sanctions and do business smoothly. We are hopeful something will emerge soon. Exports are still going and the trade is on a wait and watch mode. At present, basmati rice fetches $1,200-$1,300 per tonne in the world market. India exported 0.87 million tonnes of basmati rice to Iran in FY18 and total exports stood at 4.05 million tonnes. In the current fiscal, the trade is hopeful of exporting 1 million tonnes of basmati rice to Iran.