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Iran delegation to finalise wheat import during ongoing week-long India visit
SME News, Tuesday, Oct 30, 2012 17:55:19 PM IST
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NEW DELHI: An Iranian delegation will finalise wheat imports during its ongoing week-long India visit. India has surplus wheat stocks on the back of record production.
Since 1996, Iran has not been importing wheat from India due to presence of a fungal disease called 'karnal bunt' in the grain. However, two nations are in discussions for last couple of months to sort out the quality issues.
Earlier this month, an Indian delegation had visited Tehran to discuss about terms of exports and relaxation in quality guidelines for Indian wheat.
Initially, Iran intends to buy 2 lakh tonne of wheat a price of $325 a tonne during December-January period. It has also expressed interest to import 2-3 million tonne of the grain on long-term basis.
Of late, Union Food Minister KV Thomas had said, “Iran had taken samples and has responded positively. It is interested to import wheat from India on a long-term basis.”
Iran, the west Asian country which has been severely impacted by trade sanctions by the US, intends to intensify the trade with India, particularly in food products through a bilateral payment arrangement.
