GFM Network News





Payment problems reported disrupting Iran food deals

London/Ankara | Reuters — Payment problems are disrupting commercial food cargoes to Iran, with hundreds of thousands of tonnes of grain and sugar stuck in transit, as Western banking sanctions complicate deals and trade financiers scale back exposure. Iran is not barred from buying food or other “humanitarian” goods under sanctions imposed over Tehran’s pursuit […] Read more




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