Iran Exporting 3 Million Tonne of Surplus Wheat.

Exports of flour and wheat byproducts have been made to Oman, Iraq, Afghanistan and Turkey while talks are underway with other countries, including Egypt, for such exports. About 500,000 tons of wheat from a total of more than 1 million tons offered on Iran Mercantile Exchange have been bought by producers and factory owners. The wheat offered on IME is sold at export prices, which are lower than those in the domestic market, under the condition that the purchased crop be processed into flour or byproducts and then exported.