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Thu Mar 1, 2012, 01:34 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.

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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