May 07, 2020

Iran Scrambles to Buy Grain Amid Pandemic Fears

Country desperately trying to shore up grain reserves amid fears food supplies are being devastated

source: Reuters

Iran is scrambling to buy millions of tonnes of wheat, corn and soybeans to shore up its reserves, Iranian officials and traders said, despite President Hassan Rouhani’s assertions that the coronavirus would not endanger food supplies to the Middle Eastern country worst hit by the pandemic, reportsReuters.

伊朗的肿块er grain crops will guarantee citizens ample staple foods to the end of the Iranian year in March 2021 as the impact of the pandemic has not spread to farming, Rouhani told parliament in a televised address on the state of the coronavirus crisis on April 15.

But the previously unreported buying spree highlights concern in Tehran of a possible future supply crunch.

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Magazine

市场观察:3月20

US Corn Price Idx:ZCPAUS.CM

open: 7.1569
high: 7.1769
low: 7.0383
close: 7.0879

US Soybean Price Idx:ZSPAUS.CM

open: 16.1261
high: 16.1761
low: 15.932
close: 16.0968

US Hard Red Winter Wheat Price Idx:KEPAUS.CM

open: 9.8973
high: 10.0473
low: 9.7533
close: 9.8922

US Soft Red Winter Wheat Price Idx:ZWPAUS.CM

open: 9.693
high: 9.8817
low: 9.5537
close: 9.6458