Bourse and Bazaar | Bloomberg: Sanctioned by the U.S., Iran has found a sweet way to use the cash it is accumulated from trading oil: Purchase sugar from India. Iran is struggling to spend the rupees its made from oil sales to India that are sitting in the south Asian nations banks. Meanwhile, sugar stockpiles are stacking up in India after a ...

Reuters - Indian traders will export raw sugar to Iran for March and April delivery, five trade sources said, the first Indian sugar sales to Tehran in at least five years as Iran struggles to secure food supplies under sanctions imposed by the United States. Under the sanctions, Iran is blocked from the global financial system, including using ...

TEHRAN (Tasnim) Irans Government Trading Corporation (GTC) has purchased 60,000 tons of Brazilian raw sugar, trade sources said. According to a report carried by Reuters on Friday, the GTC bought the cargo earlier this week from an international trade house. The price paid was $466 per ton cost and freight, it added. This followed the ...

European traders say Irans state grains agency has offered to barter about 200,000 metric tons of locally-produced durum wheat with 250,000 tons of milling wheat, a news agency says. For the first time, Iran will not import wheat this year due to satisfactory state purchases of the crop from local farmers and decent harvest, Deputy Agriculture Minister ...

KARACHI: Cash-strapped Pakistan Steel Mills (PSM) and the Government Trading Corporation (GTC) of Iran, have, in principle, agreed to arrange barter trade to make their survival possible, according to officials. Pakistan Steel Mills will import iron ore from Iran against export of wheat to the neighbouring country, said Major General Muhammad Javed ...