Edible Oil Imports at $1.5 Billion in Six Months

Edible oil imports stood at 1.1 million tons worth $1.5 billion during the first six months of the current Iranian year (March 21-Sept. 22), registering a 173% and 351% growth in weight and value respectively compared with last year’s corresponding period.
Vegetable oil, mainly imported in unprocessed form, is considered an essential commodity and entitled to subsidized dollar at the rate of 420,000 rials per $1 for import, ISNA reported.
Also known as necessity goods, essential goods are products consumers will buy, regardless of changes in income levels.