The Latest Breaking News from Ajay Bhalothia

India rice exporters see Iran demand defying sanctions risk

Rice dominates trade between the two countries, accounting for nearly two-thirds of India’s $1.25 billion in exports to Iran in the fiscal year-ended March, government data show. Iran, in turn, bought about 7% of India’s $11.5 billion in global rice exports.

The Economic Times · Aug 27

Indian exports face little risk from tougher US sanctions on Iran

Stricter US sanctions on Iran are unlikely to significantly affect India’s exports to the country, as bilateral trade is mainly concentrated in pharmaceuticals and agricultural products, particularly basmati rice.

The Economic Times · Aug 25