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Iran is buying American wheat for the first time in three years as it seeks to hedge against the growing impact of sanctions and weather-related crop shortages. Some 120,000 tonnes of hard red winter wheat grown in the Plains is on its way to the Islamic Republic, according to the U.S. Department of Agriculture. The sale of another 60,000 tonnes has been finalized, according to trade sources, and Iran may ultimately buy some 400,000 tonnes of U.S. wheat this year.
The purchases are part of a massive effort by the Islamic Republic to build up its grain stockpiles amid growing difficulties in financing imports of everything from steel to palm oil. At the same time, Iranian companies are devising elaborate workarounds to find new markets for crude oil exports.
Exports of U.S. wheat to Iran are legal. U.S. and European sanctions against Iran exempt agricultural products. The major U.S. commodity traders - Bunge, Archer Daniels Midland and Cargill - won't comment on whether they were involved in the deals, but Cargill told CNN that it "does sell agricultural commodities to Iran as food is specifically excluded from the sanctions" implemented because of Iran's nuclear program.
"We take great care to ensure that these sales respect both the spirit and the letter of the law while trying to make sure that ordinary people are not deprived of basic foodstuffs," a Cargill spokeswoman said....
Originally posted by ICEKOHLD
who needs uranium? send em gmo's!
Originally posted by rangersdad
reply to post by xuenchen
If the US sees Iran as an enemy, why are we helping to feed them for??
Does the wheat contain tiny RFID chips mixed in with it so that we can follow the Iranian people all over the place????
US, Israel Intel Officials Agree: Iran Has No Nuclear Weapons Program
Old Program Abandoned Years Ago, Never Restarted
by Jason Ditz, March 18, 2012You wouldn’t know it by the repeated claims to the contrary by President Obama and Israeli Prime Minister Benjamin Netanyahu, but top US and Israeli intelligence officials overwhelmingly agree that not only is there no evidence Iran has an active nuclear weapons program, but strong evidence that the old program they had was indeed abandoned.