date:Dec 06, 2013
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Indian dealers are trying to seal deals with Iran as the country is ready to pay a premium over global prices.
The sanctions-hit country has contracted nearly 200,000 tonnes of raw sugar and can buy much more, dealers said.
Sanctions aimed at curbing Iran's nuclear ambitions imposed by Western countries forced India to trim oil buying from Iran, but India remained a big customer.
In 2012 as sanctions stalled dollar payments, India started settling part of its oil debt in rupees and Iran