News Updates PAKISTANI WHEAT TO IRAN Pakistani authorities are working very hard on a plan to export 1.5 MMT of milling wheat and 1.2 MMT of rice to Iran on a barter basis. According to the local press, the first shipments to Iran have already been made. Pakistan is also looking at new business from Iran of up to USD 7 billion for vegetables, fruits, spices and other foodstuffs. A government official was quoted saying that the exports will be paid for with Iranian oil and petroleum products. IRAN AND INDIA A trade delegation from India to Iran is hoping to be the first major step in increasing trade between the two countries to USD 25 billion or more. The current sanctions against Iran have created opportunities for countries that have...