Exclusive: Iran defaults on rice payments to India

7 February 2012, 5:04 am

NEW DELHI (Reuters) - Iranian buyers have defaulted on payments for about 200,000 tonnes of rice from their top supplier India, exporters and rice millers said on Tuesday, a sign of the mounting pressure on Tehran from a new wave of Western sanctions. The default prompted the head of the All India Rice Exporters' Association to call on members to stop rice exports to Iran based on credit, which ...... Read More »

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