250,000 tons of wheat to Iran from Germany
04 February 20142 min reading
Getting an embargo from the West due to its disputed nuclear program, Iran started an intense wheat purchase, 250 thousand of which is from Germany after the deal made in November.
European traders said that 250,000 tons of German wheat will be shipped to Iran in January and it is another sign of Iran’s large food purchases after a deal last year to relax Western sanctions. According to the news of Reuters; a trader said: “The shipments show that a large volume of the wheat Iran bought in early December will be sourced in Germany. The purchases were also larger than previously thought.”
Some traders said that Iran’s state grains buyer GTC purchased around 180,000 tons of wheat from the Baltic Sea region in a food-buying spree after the relaxation of sanctions.
Iran was never barred from buying food under Western sanctions imposed over the country’s disputed nuclear program, but European Union and US financial measures made trade difficult for the past two years by hindering payments and shipping.
But the breakthrough deal between world powers and Iran in November will halt Iran’s most sensitive nuclear activity and ease sanctions by the United States and the EU on some sectors of Iran’s economy for an initial six-month period. Some traders said that at least four bulk carriers are scheduled to load wheat for Iran in German ports. Iranian interests also purchased around 50,000 tons wheat from Kazakhstan.
Articles in News Category