GTC Allays Concerns Over Edible Oil Supplies

A total of 131,000 tons of unprocessed edible oil have been recently imported via Imam Khomeini Port located in the southern Khuzestan Province, Omid Jahan-Nejadian, an official with the Government Trading Corporation of Iran, said on Wednesday. 
“As planned, unprocessed oil imports through Imam Khomeini Port will reach 500,000 tons by the end of the current Iranian year [March 20, 2021]. The import of unprocessed vegetable oil is continuing smoothly through other ports of entry as well,” he was quoted as saying by IRNA. 
The Government Trading Corporation of Iran, affiliated to the Ministry of Industries, Mining and Trade, is in charge of importing four essential goods, namely sugar, rice, vegetable oil and wheat. 
The GTC official’s comments came as the Central Bank of Iran’s failure to allocate foreign currency to import unprocessed oils has caused disruptions in the domestic market.