Edible Oil Industry Has a Problem

Iran’s vegetable oil market is chaos as the industry relies mostly on imports for the raw material to produce the key consumer item. The government has promised to meet demand for the staple food to the best of its ability. 
Iran produced 215,000 tons of vegetable oil and fats in the month to March 20, indicating a 24% increase year-on-year,  Yazdan Seif, managing director of the Government Trading Corporation of Iran, said.
“Production stood at 196,000 tons in the month ending Feb. 18 compared to 185,000 tons the year before. In the month ending Jan. 19 companies produced 177,000 tons compared to 154,000 tons in the same month of the year before,” he was quoted as saying by IRNA.