Basmati prices in India have seen a decline in recent weeks due to the restive situation in the Red Sea. The ongoing conflicts and security concerns in the region have affected the export of basmati rice, leading to a surplus in the domestic market. This surplus has resulted in a decrease in prices, providing relief to consumers in India. However, it has created challenges for farmers and exporters who heavily rely on export revenues. The decline in basmati prices has raised concerns among farmers and exporters, as it can adversely impact their livelihoods and the overall economy. Additionally, the decrease in exports has also affected the agriculture sector’s growth prospects. Basmati rice is one of the major agricultural exports for India, contributing significantly to the country’s economy. The disruption in exports not only affects the income of farmers but also has wider implications for the overall trade balance. The restive situation in the Red Sea has made it difficult for shipments to reach international markets, resulting in a decrease in demand for basmati rice. The decline in demand, coupled with the surplus in the domestic market, has led to the cooling down of prices. To address this issue, the government and other stakeholders need to find alternative export routes and maintain stability in the region. The decline in basmati prices can also have environmental consequences as farmers might shift to other crops that require more water and fertilizers, leading to adverse effects on the environment. It is crucial to support farmers and exporters during this challenging period and explore opportunities to diversify agricultural exports to mitigate risks. By doing so, the agriculture sector can recover and contribute to the overall economic growth of the country.