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Iran shifts Russian wheat imports to Caspian
Reports confirm that Iran is gradually shifting its imports of Russian wheat to cross the Caspian Sea instead of other maritime routes, which are experiencing disruptions due to ongoing attacks between Russia and Ukraine, as well as the closure of the Strait of Hormuz. Trade activity for wheat has increased through the ports of Makhachkala and Astrakhan, both located on the Caspian Sea, with expectations that Iran’s purchases of Russian wheat will exceed 200,000 tons during the current marketing season that began in July. It is also anticipated that these amounts will rise amid escalating maritime tensions. Iran is now the fourth-largest importer of Russian wheat since the start of the season, after Egypt, Azerbaijan, and Kenya, with total imports reaching approximately 913,000 tons as of September 8.
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