Friday, August 22, 2008

Hunger Stalks Iran

Yesterday I did a piece on the decline of the fortunes of Iran and its best buddy Hizballah No Deal. Today I got some news that fleshes out the story.

Since the 2008-09 marketing year began on June 1, Iran has bought more than one million tons of hard red winter wheat directly from the U.S., which is "a very large amount," said Bill Nelson, analyst for Wachovia Securities. The purchases mean at least 3% to 4% of domestic wheat exports for the marketing year will go to a country the U.S. hasn't done business with for more than a generation. Government sanctions don't prohibit U.S. agricultural exporters from doing business with Iran.
This is the first time since '81 - '82 that Iran has bought wheat from America. At that time it was under a million tons. This year's purchase is expected to run 5 million tons. So what happens when you have to buy food from your enemy to keep going? Obviously bellicosity has to decline. And you pull in your cats paws like Hizballah. No point in upsetting the grain cart when there are no other sellers. Another humiliation for the poor dears. It just points further to the Iranian Government's mismanagement of the Iranian economy. My guess is that drought is an excuse not a reason.

Investing in missiles and atomic bombs does not feed the hungry. Water projects should be taking priority.

Cross Posted at Classical Values


Doug said...

"Let them Eat Hunger Stalks"

What is "Occupation" said...

charge them the same markup as they sell oil to the world...

Puff65537 said...

If my math is right ($9/bushel, 60 lbs/bushel) thats a $1.5 billion tab. I can see how that would crimp their ability to pay for hezzy bullets.