Sunday 18 March 2012

Another example of: Never let the truth get in the way of a good headline.......................from CR

Iran buys U.S. wheat again, trade set to grow

What a headline! Those hypocritical Americans are making money selling grain to Iran while pushing for sanctions from everyone else. Greedy Americans.…………wait a second…… …the last 3 paragraphs demolish the whole premise.

"They are scaling up imports because of fears of poor crops due to severely dry weather in the region. Expectations for seasonal output have been reduced, and inventory levels have come off," said Shelley Goldberg, director of global resources and commodities strategy at research company Roubini Global Economics in New York.

The sanctions are making it increasingly difficult for the country to pay for staple foods, causing hardship for its 74 million people. The wheat sales are approved under a humanitarian authorization from the Treasury Department to ensure food and other needed items reach the Iranian people.

Iran also has approached Pakistan and India and has bought wheat from Russia, Germany, Canada, Brazil and Australia in recent months in an effort to build its food stores."

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