Ad Box 01 - HTML1

Logo - HTML2

Small Menu - HTML3

Search - HTML4

Ad Box 2 - HTML8

Recent Posts Slider - HTML22

Iran defaults on payments to India on 200,000 tons of rice

Indian sources said the Iranian buyers had defaulted on payments worth about e144 million for rice shipments under long-term supply deals. Iran shipped the cargoes from Indian ports in October and November. Most Indian rice exporters allow 90 days credit.

Iran relies on imports for about 45 pct of its annual rice consumption of 2.9 million tons, according to U.S. Department of Agriculture data.