Friday, 06 December 2013
Iran scoops up wheat after sanctions; Russia off side
- The state agency of Iran on grain purchases (GTC) purchased not less than 300 thousand tons of wheat within last few weeks, having strengthened grain stocks. It was helped by the agreement on suspension of the western sanctions against the country.
- Traders say that Iran looks for wheat practically in all grain producing world regions, including Latin America – but not in Russia. It can be connected with that in recent weeks wheat exports from the Russian Federation decreased, and this can be connected with export stocks running down.
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