date:Mar 22, 2013
Iran has started building grain stocks again, with purchases of wheat from Australia and Germany plus maize from Ukraine, traders said on Thursday, with Tehran getting around payment difficulties caused by toughened international sanctions.
European dealers said the state grain buyer GTC had bought 120,000 tonnes of milling wheat, with some 60,000 tonnes due for shipment from Australia and 60,000 tonnes from Germany, both between Apr. 20-May 20.
Iran is using a number of strategies to secure w