PARIS/HAMBURG (Reuters) - Iran's state grains agency GTC has discreetly snapped up around 1 million tonnes of milling wheat in the past 2 weeks mostly from the European Union, traders said on Thursday, showing increased ability to import food despite financial sanctions.
Iran has in the past exported wheat but Western sanctions aimed at its disputed nuclear programme coincided with a bad harvest, forcing the country to quietly enter global markets and make substantial wheat purchases to feed its large population.
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