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Iran bought 180,000 T corn, 29,000 T soybeans from South America

Iran bought 180,000 T corn, 29,000 T soybeans from South AmericaLONDON/HAMBURG: Importers in Iran have in recent weeks purchased about 180,000 tonnes of Brazilian corn and 29,000 tonnes of Argentine soybeans, traders said on Tuesday.

The purchases were for shipment in July and August, they said. “Iran has a large feed grain requirement despite a decent cereals harvest this year,” one trader said.

“Reduced exports of Indian soymeal to Iran are also keeping soybean imports high.”

Copyright Reuters, 2015

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