Domestic Economy

Edible Oil Market in Distress

The Vegetable Oil Industries Association says the current shortage of unrefined oil could soon lead to higher prices
Edible Oil Market in Distress
Edible Oil Market in Distress

In a letter to the Agriculture Ministry, the Vegetable Oil Industries Association has warned against “serious crisis” facing the market as a result of a looming shortage.
Per capita vegetable oil consumption in Iran is about 18-19 kilograms a year while the global average is 12 kg.
The country imports part of its demand for unrefined vegetable oil and oilseeds and undertakes processing and packaging in domestic factories.
About 2 million tons of oilseeds and 1.5 million tons of unprocessed oil are supplied through imports annually.


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