Home World News Trump Call for Crop Sales to Iran Adds Cautious Hope for Farmers
World News

Trump Call for Crop Sales to Iran Adds Cautious Hope for Farmers

Trump Call for Crop Sales to Iran Adds Cautious Hope for Farmers
Key Points

Trump Call for Crop Sales to Iran Adds Cautious Hope for Farmers President Donald Trump on Tuesday reiterated that funds from any unfrozen Iranian assets would be used in part for grain shipments, potentially providing a fresh market for American farmers. Farmers and traders are cautiously optimistic for any additional demand, especially amid uncertainty over trade with China. While Iran purchased large volumes of US corn, wheat and rice prior to the 1979 revolution, the Middle Eastern...

Trump Call for Crop Sales to Iran Adds Cautious Hope for Farmers President Donald Trump on Tuesday reiterated that funds from any unfrozen Iranian assets would be used in part for grain shipments, potentially providing a fresh market for American farmers. Farmers and traders are cautiously optimistic for any additional demand, especially amid uncertainty over trade with China. While Iran purchased large volumes of US corn, wheat and rice prior to the 1979 revolution, the Middle Eastern nation has largely eschewed American crops for decades as it relies on other suppliers such as Brazil.
Trump Call for Crop Sales (ORG) Iran (LOCATION) Farmers (ORG) Donald Trump (PERSON) Iranian (ORG) American (ORG) China (LOCATION) US (LOCATION) Middle Eastern (ORG) Brazil (LOCATION)
Originally published by Bloomberg Markets Read original →