Domestic Economy
0

Domestic Edible Oil Industry Driven by Imports

Domestic Edible Oil Industry Driven by Imports
Domestic Edible Oil Industry Driven by Imports

Iran’s oilseed production currently stands at 430,000 tons per year while annual imports amount to 2.23 million tons, according to secretary of Iran Vegetable Oil Guild Association.
“At present, the country has 25 oil extraction factories and 58 edible oil refineries with nominal capacities of 5.4 million tons and 5.8 million tons respectively,” Amir Houshang Birashk was also quoted as saying by IRNA.
The official noted that 71% of domestic demand for vegetable oils are imported in the form of unrefined oil, 20% in the form of oilseeds and the remaining 9% are produced locally.

Premium

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

Financialtribune.com