Iran Buys Indian Sugar for First Time in Five Years to Overcome US Sanctions

[Peaceful Civilian]

Good for both countries. It will help to tackle demand & decrease in price if purchasing in bulk .

 

[Chhatrapati]

Clearly, I am wrong G.O.I is wrong, Iranians are wrong, commodity Traders are wrong and we all are lying to make you a fool. Hate to break this to you, but you don't need others help in that department...

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Stop getting involve in Topics you clearly have no clue about...

Sugar is ending 2018 on a bitter note on signs that a price collapse could get even worse next year.

Futures have slumped 17 percent this year, a second straight annual loss, as booming global production sparked a supply glut. The one thing that kept the rout from being even deeper: robust demand for ethanol in Brazil, the world’s biggest sugar grower and exporter. But now that backstop looks like it’s going away.

Cane millers can turn crops into either sweetener or biofuel. For a lot of 2018, high gasoline prices meant Brazilian processors favored making ethanol, helping to cap the sugar glut. The recent plunge for crude oil is signaling that trend is about to reverse.

Most drivers in Brazil own flex-fuel cars that can run on either gasoline or ethanol. Traditionally, consumers choose the alternative fuel when it’s below 70 percent of the price of gasoline because it yields less energy per liter. Now that crude oil is tumbling, the outlook for traditional fuel consumption is improving, and ethanol prices are slumping as a result.

In 2019, cane millers stand to make as much as 13 percent more by turning the crop into sweetener instead of biofuel, according to data from consulting firm FGA, based in Ribeirao Preto, Sao Paulo state. That compares with a sugar discount of as much as 30 percent this year.

Lol! Took you a week to figure out and yet came up with half cooked knowledge. Funny you advice me with a bloomberg article which says nada.

Have some shame and accept your mistakes instead of throwing these tantrums. This from NY and London based data.
https://www.isosugar.org/prices.php?pricerange=currentmonth

You rely on the same internet I am, you are no sugar importer, exporter.


Tell me once again, where did you get this $310/T.

 

[BATMAN]

India has immunity to the US sanctions on Iran.

 

[Surya 1]

Time for US to toughen it's position on the Indians, Indians are really pushing the line and trying US patience.

US mein Dum nahi hai. When we bought that as400. they said that they may put sanction on India. However , it is too difficult to put sancstion on India there sanction didn't work in 1998 how can it working 2019.

 

[RoadRunner401]

Lol! Took you a week to figure out and yet came up with half cooked knowledge. Funny you advice me with a Bloomberg article which says nada.

Have some shame and accept your mistakes instead of throwing these tantrums. This from NY and London based data.

You are by far the dumbest Indian on this forum, Shit for brains, your own government admits its charging $7 dollars premium on the price.

 

[Chhatrapati]

You are by far the dumbest Indian on this forum, Shit for brains, your own government admits its charging $7 dollars premium on the price.

Aww, when a Pakistani starts calling name, it means he is out of points. The best escape route is verbal abuse.

Yeah well, we charge extra and it is at a reduced price than other countries but it may be extra considering at what price we sell to other countries. We are the only few countries that still trade with Iran, and if India was in a similar situation, Iran would sell at an extra price too, just good business.

But morally it is not wrong given the average prices is still high. Now refute me with facts not with brainlessness.

 

[xyxmt]

India has immunity to the US sanctions on Iran.

Indian buys Iranian oil cheap, Iran gets much needed forex so the bred prices stay under 3000 Riyals, in return Iran provides support for RAW and Indian Proxies in Pakistan. US is ok with this deal as long as they both are in bed to hurt Pakistan....honey moon is over, Pakistan is sealing Iranian border