Russia Gets Another Market for its Wheat After Deal With Iran

Iran is giving Russia another market to offload its massive wheat harvest. The Persian Gulf nation has agreed to buy the grain from Russia and Kazakhstan, and total shipments may reach as much as 1 million metric tons a year over the next five years, according to the Tehran Chamber of Commerce. The wheat can only be used to make flour for exporting, and a ban imposed in 2016 on wheat imports for domestic consumption remains in place.