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Iran needs additional 2m. tons wheat, French lobby says

By REUTERS

JUNE 8, 2012 18:46

PARIS - Iran needs to buy some 2 million tons of milling wheat in the next few months after having already imported 3 million so far this year, a member of the French grain exporters' lobby said, as the country dodges sanctions to shop for wheat at a frantic pace.

Iran has ordered a large part of its expected yearly wheat requirement in a little over one month and has paid a premium in non-dollar currencies to work around Western sanctions and avoid social unrest.

"According to the people we spoke to at the Iranian millers chamber, 3 million tons of wheat has arrived since the start of the year," an official with France Export Cereales said.

Members of the industry group were in Iran last week to promote French wheat through a technical seminar with over 140 millers and bakers. It was the sixth seminar of the kind in Tehran.

"They (the Iranians) estimate their needs at a total 5 million tons," with the additional imports over the next few months, the official added.

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