Iran: No More Subsidized Foreign Currency for Sugar Imports

The government will no longer allocate subsidized foreign currency for sugar import, as per the letter forwarded to the Central Bank of Iran by the Ministry of Industries, Mining and Trade. 
Traders are allowed to procure their foreign currency needs for importing sugar from the export earnings of non-oil products (petrochemicals, steels and minerals) traded through the so-called secondary FX market, known by its Persian name Nima. 
Sugar is the fifth item after red meat, butter, pulses and tea that have been removed from the category of products labeled as essential goods (or Group I products) and included in Group II.