This Indian Rice Exporter Is Not Worried About U.S. Sanctions On Iran

[AZADPAKISTAN2009]

https://www.bloombergquint.com/busi...ter-is-not-worried-about-us-sanctions-on-iran

KRBL Ltd., the maker of India Gate basmati rice, is not overly worried about the U.S. reinstating sanctions on Iran. This despite the country along with Saudi Arabia accounting for nearly 40-45 percent of India’s basmati rice exports, according to rating agency ICRA.


U.S. President Donald Trump abandoned the landmark 2015 nuclear deal between America and the Iran, and reinstated sanctions, opening an uncertain new chapter for the country and its neighbours. The sanctions threaten to tighten global oil markets and derail billions in business deals.

India, one of the close allies of U.S., exports rice and two-wheelers to Iran while importing crude oil from there. Rice exporters to Iran include KRBL, Kohinoor Foods Ltd. and LT Foods Ltd.

KRBL gets 5 percent of its turnover from Iran, Mittal said. Ergo, the sanctions would not affect their business much. The company’s stock pared early losses and was trading 3.42 percent higher at 10 a.m.

 

[jetray]

@waz @Jungibaaz complete article title fabrication

wow look at the way title has been modified to give opposite message. Some ppl have severe problems.

 

[AZADPAKISTAN2009]

Well Sanctions mean , no trade rice , oil , and commodities

Do indians have 2 meaning for Sanctions?
The title states , the trade hits hurldle ~ it is up to the market determine the loses or financial penalties

Very concerning market unbalance lot f speculation

But one thing is clear India walked all over Trump

 

[Nilgiri]

Well Sanctions mean , no trade rice , oil , and commodities

Do indians have 2 meaning for Sanctions?
The title states , the trade hits hurldle ~ it is up to the market determine the loses or financial penalties

Very concerning market unbalance lot f speculation

But one thing is clear India walked all over Trump

Well thanks for self-changing the title if that was you...

India exported about 2 billion USD worth of stuff last year to Iran....its not a huge market for India, but will increase again with these "sanctions" and Iran and India switch to rupee based trade like before:

https://defence.pk/pdf/threads/indi...o-buy-iranian-oil.561200/page-3#post-10532984

or are you telling me looking at that data, India and Iran trade was non-existent under the sanctions regime before the obama iran deal kicked in?