igPic
Germany wheat exports to Iran remain high despite sanctions
5/4/2013 10:20:59 AM
This brought total German wheat exports to Iran in the period between July 2012 and the end of February 2013 to 1.024 million tons, agency figures showed, against only 63,000 tons in the same period a year earlier.
 
"Iran is the main customer for German wheat this season, by far the biggest customer for the total 1.9 million tons exported since July," a German trader said. "The sanctions do not seem to be troubling (wheat sales to Iran)."
 
Germany had also exported 125,577 tons of wheat to Iran in January 2013 and 129,000 tons of wheat to Iran in December 2012.
 
Western sanctions do not target food shipments, but financial measures have frozen Iranian companies out of much of the global banking system, hindering payments for imports on which Iran relies for much of its food.
 
European traders said on March 21 that Iran's state grain buyer GTC had bought 120,000 tons of milling wheat, with 60,000 tons due for shipment from Australia and 60,000 tons from Germany.
 
On March 15 traders said that a ship was due in a German port to load about 55,000 tons of wheat for Iran.
 
No wheat shipments have been made from Pakistan to Iran under a one million ton barter deal, proposed in March last year and agreed in August, because of unresolved payment issues, trade sources said on April 12.