Close Menu
    • Home
    • Contact Us
    Oman DiaryOman Diary
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • More
      • Sports
      • Technology
      • Travel
    Oman DiaryOman Diary
    Home » No more Indian basmati rice or tea for Iran as both nations discuss a rupee trade deal
    Business

    No more Indian basmati rice or tea for Iran as both nations discuss a rupee trade deal

    December 6, 2022
    Facebook WhatsApp Twitter Pinterest LinkedIn Telegram Tumblr Email Reddit VKontakte

    Since last week, Iran has stopped signing any deals to import tea and basmati rice from India. The reason for this sudden stoppage has not been clarified by Iranian buyers, but Indian exporters believe it is due to strong anti-hijab protests across the country which have closed shops, hotels, and markets.

    No more Indian basmati rice or tea for Iran as both nations discuss a rupee trade dealThe trade believes Iranian importers are delaying purchases because New Delhi and Tehran are negotiating a rupee trade settlement. According to exporters, the development will have an impact on exports of these commodities, particularly tea, since Iran imports around 30-35 million kg of orthodox tea and about 1.5 million kg of basmati rice each year from India.

    Exports of tea to Iran had slowed earlier, but last week new contracts stopped being registered there. Indian traders have informed the Tea Board and are waiting for clarification. Despite the fact that basmati exporters are also faced with the same problem, the impact on their exports would be less since the price of basmati has risen due to the increase in demand and the rise in commodities prices internationally since the Russia-Ukraine conflict.

    Related Posts

    Economic uncertainty spurs unprecedented demand for gold.

    December 5, 2023

    Innovative construction solutions unveiled at Dubai’s Big 5 Global

    December 5, 2023

    Global oil dynamics shift as OPEC+ agrees on 2 million bpd cut

    December 2, 2023

    Dow surges to 2023 peak, propelling November’s stock market rally

    December 1, 2023

    Sony Interactive Entertainment to face $8 billion lawsuit over PlayStation Store pricing

    November 25, 2023

    Gold nears $2,000 as Fed rate hike pause boosts appeal

    November 22, 2023
    Breaking News

    Revolutionizing diabetes care with saliva tests replacing finger pricks

    December 5, 2023

    Economic uncertainty spurs unprecedented demand for gold.

    December 5, 2023

    New York, L.A., and San Francisco among the world’s most expensive

    December 5, 2023

    Start your day right with complex carbs to enhance weight loss and blood sugar control

    December 5, 2023

    Innovative construction solutions unveiled at Dubai’s Big 5 Global

    December 5, 2023

    UAE and Morocco forge new path with innovative partnership declaration

    December 5, 2023

    $9 billion boost from Global Fund for climate-impacted health systems

    December 5, 2023

    Global oil dynamics shift as OPEC+ agrees on 2 million bpd cut

    December 2, 2023
    © 2021 Oman Diary | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.