Indian Rice Stocks Dropped as Tariff Threats Shake the Market
Investor Sentiment Hits LT Foods, KRBL, GRM Overseas, and others fell sharply on December 9 after Trump signaled possible new tariffs on Indian rice imports to the US. LT Foods dipped nearly 8%
LT Foods Performance LT Foods, known for its Daawat and Royal brands, trades at Rs 362.2 per share after the dip. The Royal brand remains a top basmati rice brand in North America
Other Exporters Impacted GRM Overseas shares fell 6%, while KRBL, Kaveri Seed Company, and AWL Agri Business dropped around 2.5% each amid concerns over US trade policies
Trump’s Statement Trump cited complaints from US farmers, saying imported goods were hurting domestic producers. He promised action against “unfair trade practices” and hinted at fresh tariffs on Indian rice and Canadian fertilisers
Market Outlook Export-oriented stocks had previously declined after earlier tariffs on Indian imports. Investor sentiment remains cautious, awaiting India-US trade deal updates