Bloomberg News

Uruguay May Barter Rice for Crude Oil With Iran, Fars News Says

April 01, 2012

Uruguay has offered to export rice to Iran in exchange for crude oil amid sanctions against the Persian Gulf country which limit financial transactions, Fars reported, citing Uruguay’s Agriculture Minister Tabare Aguerre.

Iran, one of the largest consumers of Uruguayan rice, imported about 90,000 tons of the commodity in 2011, the state- run news agency said.

To contact the reporter on this story: Ladane Nasseri in Dubai at

To contact the editor responsible for this story: Louis Meixler at

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