European traders reported on Monday that the Iranian state-owned animal food importer SLAL had issued international tenders for up to 120,000 metric tonnes of animal feed corn and barley, as well as 120,000 metric ton of soymeal.

They said that the deadline for submitting price offers to tenders was also Monday, 26 May.

All grains must be shipped in July and August.

You can source corn from Brazil, Europe or other countries in the Black Sea Region, including Turkey.

Barley is available from many sources, including the European Union (EU), Russia, Ukraine, or other countries in the Black Sea Region, such as Turkey and Kazakhstan.

Soymeal is only available in Brazil and Argentina.

Traders said that the Western sanctions on Iran had caused payment problems for Iranian companies, which made it difficult to participate in recent Iranian tenders.

The sanctions imposed on Iran over its nuclear program do not apply to food, but they have affected the financial system of the country, causing complex and irregular payment arrangements.

According to traders, Iran is offering payment for the new tenders through two banks: one in Iraq and another in Turkey.

Iran offers payment in Euros for grains. Iran has traditionally refused to accept U.S. dollar for grain transactions. Reporting by Michael Hogan and editing by Kirby Donovan

(source: Reuters)