Iran food stockpiling grows as grain ships near port
LONDON/HAMBURG (Reuters) Vessels carrying at least 360,000 metric tonnes (396,832 tons) of grain are lined up to unload in Iran, Reuters shipping data showed on canada goose clearance sale Thursday, a sign that Tehran is succeeding in stockpiling food to blunt the impact of tougher Western sanctions.
canada goose deals Stalks of wheat grow at a farm near Gonbad, 550 km (342 miles) northeast of Tehran, May 6, 2008. Picture taken May 6, 2008. REUTERS/Caren Firouz canada goose deals
canada goose store Iran has canadian goose jacket been shopping for wheat at a frantic pace, ordering a large part of its expected yearly requirement in a little over one month and paying a premium in non dollar currencies to work around toughened Western canada goose clearance sanctions and avoid social unrest. canada goose store
Canada Goose Outlet Food shipments are not targeted under western sanctions aimed at Iran disputed nuclear canada goose black friday sale program, but financial measures have frozen Iranian firms out of much of the global banking system. Canada Goose Outlet
Since the new year, some vessels had turned away from Iran without unloading after Iranian buyers were hit by a trade finance squeeze, but Thursday data appears to show that shipments are now arriving successfully.
buy canada goose jacket In an effort to blunt the impact of the sanctions, Iran has even begun buying wheat from its enemy the United States. buy canada goose jacket
canada goose coats on sale The sanctions make it difficult to obtain letters of credit or conduct international transfers of funds through banks. canada goose coats on sale
canada goose clearance So instead, Iran has embarked on an ambitious buying spree, purchasing around 2 million metric tonnes of wheat Canada Goose sale since February at a premium to Canada Goose Jackets international market prices in currencies including Japanese yen and Russian roubles. canada goose clearance
canadian goose jacket is no doubt in my canada goose coats mind it is geopolitical hedging. They are trying to get as much (wheat) as they can in the country to blunt the effect of any further escalation in international sanctions, Rabobank commodities analyst Nick Higgins said. canadian goose jacket
Canada Goose online think they hit the buy canada goose jacket cheap market hard and early cheap Canada Goose and that from their perspective limited the chances that anyone could react to such large purchases, he added. Canada Goose online
Canada Goose Parka AIS ship tracking data on Reuters showed 10 dry bulk vessels on Thursday were anchored outside Bandar Imam Khomeini, one of Iran largest grain terminals. Canada Goose Parka
At least six of the vessels were larger ships known as panamaxes, which can carry around 60,000 metric tonnes of grains.
canada goose coats A further panamax vessel, which canada goose coat sale had been anchored at canada goose store the port this week, was now heading to India and was likely to have discharged Canada Goose Online a cargo already, AIS data showed. A smaller bulker vessel was also heading away from Iran to Singapore after being anchored near the terminal this week. canada goose coats
Canada Goose sale MASSIVE STOCKPILING Iran is close to self sufficient in wheat most years, but needs to import Canada Goose online when the harvest is weak, as it is expected to be this year. Canada Goose sale
canada goose German canada goose coats on sale commodity analysts FO Licht Canada Goose Coats On Sale forecast Iran will need about 3 million tonnes this buying season, which runs from July 2011 June 2012. There are signs Iran purchases will be far greater to shield it from the Canada Goose Outlet possibility of future shortages. canada goose
It bought around canada goose uk outlet 2 million metrictonnes just last month from Russia, Germany, Canada, Brazil and Australia. wheat again, trade set to grow
canada goose black friday sale left unchecked, significant hikes in food and basic commodity prices on the ground are likely to be a key source of social unrest, said Rory Lamrock, intelligence analyst with cheap canada goose uk security firm uk canada goose outlet AKE. canada goose black friday sale
canada goose clearance sale Iranian government reported payment is telling of its continued ability to mitigate against finance freezes despite increased sanctions aimed at nuclear proliferation. President Barack Obama aims to squeeze Iran oil trade and not canada goose factory sale impoverish its population, evidence is mounting that the measures are hitting the economy more broadly. wheat. It is also aiming to import 1 million metric tonnes of wheat from Pakistan in a barter deal. canada goose clearance sale
buy canada goose jacket cheap Payment problems resulting from sanctions halted some deliveries to private Iranian buyers since the start of this year. Ten vessels turned away from buy canada goose jacket Iran to new destinations including Yemen, the United Arab Emirates and Egypt, incurring big canada goose uk black friday losses. The last of https://www.uscanadagooseoutletsale.com them sailed away earlier this month. buy canada goose jacket cheap
Since then, the Iranian state appears to have stepped in to make sure the deliveries are successful.
large number of ships arriving and their large size may show that the purchases which Iran has been making in the last couple of months are starting to arrive. The canada goose uk shop sanctions have disrupted the grain imports but certainly not stopped them, one European trade source said.
cheap Canada Goose ALTERNATIVE FINANCING The shipments currently outside Bandar Imam Khomeini are believed to be mostly state purchases. cheap Canada Goose
Canada Goose Jackets state agency GTC (Government Trading Corporation) has been buying a lot of wheat internationally and can use the country financial power to get purchases pushed through, another trade source said. Canada Goose Jackets
lot of the grain purchases seem to be routed via Russia where the big trading canada goose houses uk canada goose have a large financial presence. I think we will see Canada Goose Parka a lot more ships arriving soon.