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Iran Slaps Import Duty on Wheat, Barley

Iran has imposed import duties on wheat and barley, an Iranian government regulation document seen by Reuters on Wednesday showed, hurting hope for more trade after the country's historic nuclear deal. The wheat duty is 1,500 rials per kilo, or about $45 to $50 a ton, according to the document, a level that would render wheat imports commercially unfeasible, traders said. "The import duty shows that Iran does not have a pressing import need and is in a relaxed enough supply...

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