What's Hot

    Introducing CleverAutomations: Ready-to-Use Automation Journeys for Recurring Revenue Growth

    September 21, 2023

    IKEA is Shocking Norwegians With Alternative Motives to Buy Their Furniture

    September 20, 2023

    Syndesis Health and InSyBio Partner in Predictive Modelling and Biomarker Discovery

    September 19, 2023
    Facebook X (Twitter) Instagram
    Trending
    • Introducing CleverAutomations: Ready-to-Use Automation Journeys for Recurring Revenue Growth
    • IKEA is Shocking Norwegians With Alternative Motives to Buy Their Furniture
    • Syndesis Health and InSyBio Partner in Predictive Modelling and Biomarker Discovery
    • United Arab Emirates Becomes First Country to Hold Fully Digital Elections With Scytl
    • CGFNS Appoints New Chief Technology Officer to Lead its Digital Transformation
    • TIME100 AI List’s Sougwen Chung: New AI Art Exhibition, HOFA
    • Better Worlds & AMM Announce Winners of the CultureTech Art & Music Challenge
    • HFR Supplies Private 5G for the ‘Metaverse-Based Industrial Advancement Project’ in Sacheon Aviation Complex
    • Home
    • Contact Us
    South Africa GazetteSouth Africa Gazette
    Saturday, September 23
    • Automotive
    • Business
    • Entertainment
    • Health
    • Luxury
    • Lifestyle
    • News
    • Sports
    • Technology
    • Travel
    South Africa GazetteSouth Africa Gazette
    Home » No more Indian basmati rice or tea for Iran as both nations discuss a rupee trade deal

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

    December 6, 2022
    Share
    Facebook Twitter LinkedIn Pinterest Email

    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.

    Keep Reading

    From India to Brazil, leadership transition marks G20 Summit’s conclusion

    African Union Inducted into G20 on India’s Initiative

    Biden and Modi cement ties as India ascends global stage

    Digital work revolution sees the world’s gig economy expand by 12 percent

    ASEAN Summit in Jakarta sees PM Modi advocating India’s growing global impact

    Goldman Sachs accused of bullying culture in £1 million lawsuit

    Latest News

    From India to Brazil, leadership transition marks G20 Summit’s conclusion

    September 11, 2023

    African Union Inducted into G20 on India’s Initiative

    September 9, 2023

    Biden and Modi cement ties as India ascends global stage

    September 9, 2023

    UN calls for greater female representation in police forces worldwide

    September 8, 2023

    Digital work revolution sees the world’s gig economy expand by 12 percent

    September 8, 2023

    AI drives MENA Newswire’s entry into Saudi digital media

    September 8, 2023

    ASEAN Summit in Jakarta sees PM Modi advocating India’s growing global impact

    September 7, 2023
    © 2022 South Africa Gazette | All Rights Reserved
    • Home
    • Contact Us

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