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Huge food cargoes to Iran stuck in transit

Payment problems have resulted in dozens of ships having to wait at country's ports for several weeks
Tuesday, May 13, 2014 - 06:00

London PAYMENT problems are disrupting commercial food cargoes to Iran, with hundreds of thousands of tonnes of grain and sugar stuck in transit, as Western banking sanctions complicate deals and trade financiers scale back exposure. Iran is not barred from buying food or other "humanitarian"