Tehran’s offer comes a week after Pakistani officials revealed that Iran had asked to import a million tonnes of wheat in a barter deal, with the latest Western sanctions over Tehran’s nuclear program disrupting critical food imports.
“It is only an initial offer of 80,000 barrels (per day) on deferred payment at the moment,” Irfan Qazi, a spokesman for Pakistan’s Ministry of Petroleum and Natural Resources, told Reuters.
“We don’t know about the modalities or how it can be worked out yet. A delegation from the ministry will visit Iran in the middle of March to follow up on this offer.”
Pakistan would import Iranian fertilizer and iron ore under that wheat proposal.
Energy-starved Pakistan is looking to increase its fuel imports to reduce power shortages that have crippled industry, prompted riots and shaved percentage points off its GDP growth. […]
Tehran has dramatically widened its reach on international grain markets in February, using currencies other than dollars and euros as alternative trade finance, with dealers also reporting talk of barter deals involving oil and gold.
Iran has to import wheat?
What’s going on with all these so many countries having need to import such basic items?
February 29, 2012, 9:49pm 0 notes
Morocco has issued a tender to buy up to 300,000 tonnes of U.S.-origin hard wheat as part of a preferential tariff agreement, state grains agency ONICL said on Friday.
ONICL will open the bids on Sept. 15 it said in a statement.
The tendered-for-wheat must come in lots of at least 5,000 tonnes each, ONICL added
ONICL is the Office National Interprofessionnel des Céreales et des Légumineuses for those unaware. Well, remember that one bit from August 18, “Cash-strapped Morocco hit with higher subsidies bill.”
Morocco said on Thursday the amount it will spend this year on subsidies will be 6 percent percent higher than previously thought, straining state finances already suffering from the global slowdown.
Morocco has a widening budget deficit after it spent heavily in an effort to stop economic difficulties from provoking a uprising of the kind seen in other parts of the Arab world in the past few months.
Khalid Naciri, the communications minister, told a news briefing the amount allocated to the government’s subsidies fund — used to keep down costs of consumer staples, such as bread and cooking oil — was now 48 billion dirhams ($6 billion).
Well then, it’s interesting seeing this free-trade agreement between Morocco and the U.S. play out, especially in this post-July 1st referendum context. Something to keep an eye out for.
Looks the whole deal is documented here: It’s not only about wheat.
Many USA agri products (including mechanically processed chickens etc ew) are getting entry into Morocco with less/no tariff
but then what Morocco is getting in exchange?
(better/competitive pricing than importing from EU/France?)
August 26, 2011, 1:12pm 34 notes
