Iran Deal Roils Waters for Indian Commodity Exporters
A worker carries sacks of rice on his head at a Vichi Agro Products Pvt warehouse at a market in Mumbai, India, Dec. 13, 2014. Iran is a top buyer of basmati rice from India./ The prospect of a phased-in lifting of Western sanctions against Iran raised by last week’s preliminary nuclear agreement with Tehran has created uncertainty over the fate of an oil-for-goods barter agreement involving rice, soymeal and other products. Iran has been India’s leading buyer of high-grade basmati rice and soymeal, which has partly been helped because of ...
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