GFM Network News


Iran wheat import goal far exceeds market forecasts

Iran will have to import 7.5 million tonnes of wheat this year, President Hassan Rouhani said in remarks published Wednesday, in what international traders said was a surprisingly large upward revision of initial market projections. Iran’s imports can fluctuate widely from year-to-year due to erratic domestic harvests, but imports for 2013-14 are forecast at four […] Read more