Domestic Economy

Domestic Production Meets 95 Percent of Food Demand

The food industry is the biggest in terms of generating added value and jobs. Out of the country’s 13,000 industrial workshops, 2,500 are dedicated to food production, and they account for 16.8% of total employment
Domestic Production Meets 95 Percent of Food Demand Domestic Production Meets 95 Percent of Food Demand

Ninety-five percent of food demand in Iran are met by domestic production, a board member of the House of Industry, Mine and Trade of Iran said.
Mehdi Karimi Tafreshi added that about 130 million tons of food are produced by local companies annually, ILNA reported. 
“Unlike what most people think, the development and completion of the production chain generate added value rather than the production of raw materials by mainstream industries. Statistics show food production constitutes over 10% of the added value of industrial sector. Much of the industries are currently in recession, but a significant share of Iran's gross domestic product comes from food industries,” he said. 
“Given the slower pace of population growth and the decline in consumers’ purchasing power, the development of food industries would depend on their presence in regional markets. Russia, Iraq and Oman are among Iran’s key destinations for food products.” 


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment