Iran signs wheat import MoUs with Russia, Kazakhstan

13 December 20191 min reading

Iran has signed memorandums of understanding with Russia and Kazakhstan for the temporary importation of wheat, Deputy Agriculture Minister Ali Akbar Mehrfard told the official IRNA news agency. “Given that the capacity of the flour factories of the country is double the domestic consumption needs, the temporary import of wheat for producing flour can be counted as a benefit for the economy of our country,” Mehrfard said. Iran has also signed memorandums of understanding with the two countries for the transit and trade of wheat, Mehrfard said.

Iran was one of the largest markets for Russian wheat until it slashed purchases in 2016 due to Tehran’s self-sufficiency drive. However, Iranian private millers, who are not allowed to use domestic wheat for flour exports, still need imported wheat. Iran can export flour produced from Russian wheat to neighbouring Iraq and Afghanistan.

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