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Thu Mar 1, 2012, 12:34 PM

U.S. Exporters Sell 120,000 Tons of Wheat to Iran, Most Since August 2008 [View all]

U.S. exporters sold 120,000 metric tons of wheat to Iran, the most in more than three years, the U.S. Department of Agriculture said.

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U.S. trade sanctions against Iran provide an exemption for “licensed exports of agricultural commodities,” according to the Office of Foreign Assets Control, a division of the Treasury Department. The U.S. exported $53.035 million in agricultural products to Iran last year, the least since 2006, USDA data show.

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http://www.bloomberg.com/news/2012-03-01/u-s-exporters-sell-120-000-tons-of-wheat-to-iran-most-since-august-2008.html

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