January 21, 2011

Iranian market still shuts its doors for Kazakh wheat

The Iranian market continues to be closed for Kazakh wheat, according to  the managing director of joint-stock company Food Contract Corporation, Daulet Uvashev.

"The 50% duty Iran imposed on grain imports prevents Kazakh grain from entering the Iranian market. Therefore our grain is now shipped to Iran neither by sea nor by rail," noted Uvashev.

According to him, Iran set the grain import duty because it had saturated the own market with grain. Before June 2010, Iran actively purchased Russian, Ukrainian and Kazakh wheat. In addition, the country harvested a rich own crop and got a big grain surplus.