date:Nov 28, 2013
the year ended March 31, 2013 from a year ago to 1.1 million tonnes. During the same period, shipments of soymeal jumped nearly four-fold to 886,776 tonnes.
Iran's difficulties in securing rice and soymeal from other producers due to the sanctions prompted Indian exporters to seek hefty premiums over global prices, sometimes as high as 20 percent. But that premium has to come down now.
Dollar trade would end India's monopoly. We can't take Iran for granted. We need to rationalise our prices,