Entries in Mehdi Rahmanian (2)
Protesters chase, heckle, and harass Iran's Foreign Ministry spokesman, Ramin Mehmanparast, iin New York
The news is a further marker of Iran's shift from exporter to importer of wheat. "They are buying bigger volumes than what was expected, they have big needs," one trader said.
Iranian wheat imports are usually handled by the private sector but the State has had to step in amid disruptions to trade financing.
"In the most recent buys in the last two weeks they have been taking almost anything that is available," another trader said. "They have been buying EU, Black Sea including Russian, Australian and other origins."
One trade source suggested desperation to feed livestock was one of the reasons for the huge import volume. "They don't have enough feed for animals, which means they are using milling wheat instead."