Drought stricken, Iran buys US wheat for first time in 27 years
Dated: Aug 25 2008 10:44 PM US/Eastern
Wracked by drought, Iran has turned to the United States for wheat for the first time in 27 years, marking a setback for Tehran's search for agricultural self-sufficiency.
According to a recent US Department of Agriculture report, Iran has bought about 1.18 million tonnes of US hard wheat since the beginning of the 2008-2009 crop season in June.
The number, which has been growing steadily all summer, already represents nearly 5.0 percent of US annual exports forecast by the USDA.
The last time Iran imported US wheat was in 1981-1982.
Bookmarks