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Iran stops wheat import from India

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Staff writer ▼ | July 11, 2013
Iran will not import wheat from India. Iranian officials informed the Indian authorities about their concern over the Karnal disease. Trade between India and Iran is valued at $14.95 billion.
India wheat
India wheatIran will not import wheat from India. Iranian officials informed the Indian authorities about their concern over the Karnal disease. Trade between India and Iran is valued at $14.95 billion.


"The Iranians are apprehensive about Karnal bunt disease. Although the disease doesn't affect humans, they say if it spreads on farm fields there, it would create problems," a senior Indian commerce ministry official said. Iran had sent a delegation to check the quality of Indian wheat.

India is looking for a global market for its surplus wheat stocks, while Iran is trying to increase trade with India to overcome restrictions from the United States and the European union. Iran hasn't imported Indian wheat since 1996 due to quality issues.

India had lifted a ban on wheat exports in September 2011 after record production in two consecutive years. The country is estimated to have produced 93.62 million tons of wheat in the 2012-13 crop year. India allowed the sale of 4.5 million tons of wheat from its own stock via public sector trading firms, of which over 4 million tons have already been shipped.

The government also allowed private traders to export 5 million tons of wheat and the Food Ministry has sent a proposal to the Cabinet to consider allowing additional exports of 2 million tons of wheat.

Trade between India and Iran is valued at $14.95 billion in 2012-13, with Iran's exports to India valued at $11.6 billion.


 

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