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Iran evinces interest to ink long-term wheat import deal with India: KV Thomas
SME News, Thursday, Sep 20, 2012 10:49:10 AM IST
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NEW DELHI: Iran showed keen interest in signing a long-term wheat import deal with India and nearly two million tonnes of the grain could be shipped to the West Asian country this year, Food Minister KV Thomas has said.
In September last year, India lifted ban on wheat exports on account of record production in two consecutive years.
However, Iran has not been importing the Indian wheat due to quality hurdles since 1996.
Few months ago, the sanction-hit Iran had sent a delegation to India to check the quality of Indian wheat. Moreover, it had also taken wheat samples for quality analysis.
The global prices are very high and 1-2 million tonnes of wheat can go this year.
The bumper crop has lead the government's godowns overflowing with foodgrains stock of 76 million tonnes, as against the storage capacity of 71.4 million tonnes.
