date:Jul 11, 2013
Iran's major grain buying campaign is continuing at a brisk pace, with traders reporting an almost half a million tonne wheat purchase this week, partly financed by frozen oil revenues in Iran's overseas bank accounts.
The country's state grains buying agency GTC bought about 450,000 tonnes of milling wheat for August shipment, European traders said.
This latest purchase, including of Russian and Baltic Sea origin, comes after Iran bought more than 800,000 tonnes last month in two weeks, ahead