date:Jul 11, 2013
rly started using money in frozen bank accounts to pay for food imports.
Iran, once a wheat exporter, is forecast to need at least 3 million tonnes of imports in the season starting in summer with grain traders speculating its harvest this year was not as good as hoped.
I think Iran may in fact import between 5 to 6 million tonnes of wheat, another trader said.
Neighbouring Pakistan, also a wheat exporter in the last few years, has also started wheat imports with market reports that its harve