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Armenia Importing Wheat from Iran

Source: Fars News Agency, Tehran

Armenian Minister of Agriculture Gerasim Alaverdyan announced that his country is importing wheat from Iran due to Russia's ban on wheat exports.

The Mancho Group Company is now dealing with Iran, Alaverdyan said on Monday.

The minister further said that the wheat is to undergo a quality examination.

Iranian Minister of Agricultural Jihad Sadeq Khalilian said last week that Iranian wheat output will reach 14.5 million tons this year (ends on March 20).

Armenian also started to import wheat from Bulgaria, Kazakhstan, and Ukraine.

Alaverdyan also said that the government is now negotiating the import of some amount of grain with Russia. Three contracts have been suspended because of the embargo on wheat export in Russia.

Russia was the world's third-largest wheat exporter last year, but this year's severe drought has destroyed at least 20 percent of the harvest. Global commodity prices for wheat have been climbing since June as a result.

Russia's announcement that it would ban exports added to concerns about world supplies and pushed prices higher still.

... Payvand News - 08/31/10 ... --

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