Commodities & Energy

Reuters exclusively reports Iran hunts for grains as coronavirus compounds economic woes

Reuters exclusively reports Iran hunts for grains as coronavirus compounds economic woes

Reuters exclusively reported that Iran is scrambling to buy millions of tonnes of wheat, corn and soybeans to shore up its reserves despite President Hassan Rouhani’s assertions that the coronavirus would not endanger food supplies to the Middle Eastern country, worst hit by the pandemic. The previously unreported buying spree highlights concern in Tehran of a possible future supply crunch should the pandemic further exacerbate an already challenging environment for Iran to import from international sellers.