Bloomberg News

Pakistan to Swap Wheat, Rice for Fertilizer, Iron Ore From Iran

March 19, 2012

Pakistan may export 1 million metric tons of wheat to Iran in return for fertilizer and iron ore, said Tanveer Alam, a public relations officer at the Ministry of Water and Power.

A delegation of government officials will visit Iran by next week to work out details of the barter trade, which may include Pakistan supplying 200,000 tons of rice, he said by phone from Islamabad. “Once back, the delegation will submit a report to the cabinet, which will then approve the deal.”

Pakistan, Asia’s third-largest grower of wheat, may produce as much 25 million tons this year, the Ministry of National Food Security & Research said in November.

To contact the reporter on this story: Khurrum Anis in Karachi at kkhan14@bloomberg.net

To contact the editor responsible for this story: James Poole at jpoole4@bloomberg.net


American Apparel's Future
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus