Ukraine ‘resumes maize exports to Iran’
Kiev, March 21, 2013
Ukraine has resumed exports of maize to Iran, which has been hit by international sanctions, with a shipment of 30,000 tonnes made on March 13, analysts and traders said on Thursday.
A vessel bound for Iran had been loaded in the port of Yuzhny near the Black Sea port of Odessa, a trader said.
The previous shipments of maize to Iran were made in November 2012, when Ukraine, one of the world's top maize exporters, sent a total of 124,000 tonnes of the commodity, Mykola Vernytsky from ProAgro consultancy told Reuters.
"The suspension of shipments was likely to be caused by international sanctions as other countries in the region were continuing maize purchases without any pauses," Vernytsky said.
Ukraine's Agriculture Minister Mykola Prysyazhnyuk said this week that Ukrainian private companies were considering an increase in their food exports to Iran, despite payment problems caused by the sanctions.
He said that such shipments by private companies were already under way, adding that there were no barter deals with Iran but "direct payments".
The minister declined to give details of how Iranian consumers pay for Ukrainian produce.
The European Union and the United States have imposed toughened sanctions meant to discourage Tehran's nuclear programme, which they say has a military purpose. Iran rejects this.
Western sanctions do not target food shipments, but financial measures have frozen Iranian firms out of much of the global banking system, complicating payments for imports on which Iran relies for much of its food, consumer and industrial goods.
Many foreign companies, including shipping firms, have pulled out of trade with Iran for fear of losing business in the United States and due to the complexities of arranging non-sanctioned deals.
Ukraine, which plans to export about 14 million tonnes of maize this marketing year, sold 155,200 tonnes of maize to Iran so far the 2012/13 July-June season.
The former Soviet republic exported 1.7 million tonnes of maize to Iran in 2011/12. – Reuters
More Miscellaneous Stories
- UAE road accidents decline by 23.5pc
- Top businesswomen in Bahrain honoured
- Death penalty sought for Bahrain terrorists
- Girl, 9, dies after fall from 8th floor in Abu Dhabi
- Lebanese café brand opens Dubai outlet
- Bahrain poultry firm told to step up safety
- Customer dies in Bahrain cafe brawl
- Bahraini boys hurt while planting bombs
- Philips, Ericsson launch LED street lighting
- DuBiotech to set up first Halal safety lab
- Jotun to supply coatings for Makkah Station
- Raytheon wins $655m Kuwait Patriot deal
- Alwaleed Foundation lights up 3 Saudi villages
- Poultry farms strike may trigger shortages in Bahrain
- Oman seals Victoria food security pact
- Saudi woman, 80, donates $133m to charity
- New Saudi clamp on energy drinks
- Outrage follows Bahrain killer bomb
- Improvised explosive device used in Bahrain attack
- 3 policemen killed in Bahrain blast
- Dammam-Al Ahsa train service starts
- Egypt wheat supplies enough to last until June
- Expat killed at Saudi workers' holding facility
- 80 global speakers for Doha summit on family
- Restaurant runs up $47,555 phone bill in 4 days
- NZ minister to visit Gulf states
- Public-private tie-ups ‘vital for agri growth’
- China firm wins solar power project in Amman
- 15,000 attend Bahrain garden show
- Omani firms shine at top food expo