After years of difficulty caused by economic sanctions, suppliers are hoping a nuclear deal will make it easier to win lucrative contracts to sell wheat, sugar and other food to Iran. Iran was never barred from buying food, but EU and U.S. financial measures have made trade more difficult for the past two years by […] Read more
Food suppliers look to win Iran contracts after nuclear deal
Iran seeks wheat in new import spree
After months out of international grain markets and payment hurdles, Iran is now seeking at least 300,000 tonnes of milling wheat to help satisfy major import needs due to a poor domestic harvest, traders said Monday. Iran has to import 7.5 million tonnes of wheat this year, President Hassan Rouhani said in September, in what […] Read more
Wheat starts to reach Syria as frozen funds unlocked
Deliveries of wheat are starting to reach Syria’s ports as its bank accounts abroad are gradually being freed from sanctions, with grain traders detecting a greater willingness from European governments to allow deals to go ahead on humanitarian grounds. As civil war grinds on, Syria is facing its worst wheat harvest in three decades. President […] Read more
Iran ramps up wheat buying to secure post-election supplies
Iran has ramped up its campaign to import wheat, buying more than 800,000 tonnes in two weeks in what some traders said was a drive to ensure adequate supplies for a possibly tense period after Friday’s election. This is the first presidential poll since a disputed 2009 contest led to months of unrest in the […] Read more
Disaster shaping up for some EU 2012 rapeseed crops
Reading Time: 2 minutes The European Union’s 2012 rapeseed crop is seen sliding to a five-year low of 18.48 million tonnes this year, with several countries hit by an especially cold winter, Hamburg-based oilseeds analysts Oil World said April 17. The disappointing crop means EU rapeseed supplies will again be tight in the forthcoming 2012-13 season and that EU […] Read more
Russian Wheat Seeks To Conquer Fresh Markets
Reading Time: 3 minutes Russian wheat exporters aim to ramp up sales to new markets such as South America due to their cheap price edge, which may also give a boost to freight rates which are struggling with a ship glut. Millions of tonnes of low-priced Russian wheat have surged onto global markets since Russia ended a near year-long […] Read more
EU Approves GM Potato For Industrial Use
Reading Time: < 1 minute The European Union’s decision on Mar. 3 to approve commercial production of the potato Amflora containing genetically modified organisms (GMOs) developed by German group BASF will open the way for sowings of the potato this year, BASF said. “The way is now clear for commercial cultivation of Amflora this year,” said Peter Eckes, president of […] Read more
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