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Showing posts from July 22, 2012

Iran’s wheat problem has become complicated

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Iranian outlets are increasingly warning about a wheat shortage in the country which stands beside the world's biggest cereal importers with an annual corn purchase of more than seven million tons. Iranian semi-official Fars News Agency reported on July 22 that Indian flour cargoes have been distributed among Tehran's bakeries while according to agreements between Iran and India, New Delhi's wheat should have been imported to Iran, not its flour. The agency added that Iranian flour mill factories are working at 50 per cent capacity. Iran and India agreed that 45 per cent of Iranian oil export payment be paid off through rupees used for purchasing Indian goods by Iranian businessmen, including rice, tea and wheat. On the other hand, Iranian Mehr News Agency reported that interior wheat producers should sell their harvest to private sector that pays more for the wheat than the government and sell to poultry and livestock firms. Reportedly, Iranian Qom city's