Domestic Economy
0

20% Rise in Iran Olive Oil Production Expected This Year

20% Rise in Iran Olive Oil Production Expected This Year20% Rise in Iran Olive Oil Production Expected This Year

Olive production is estimated to reach 120,000 tons in the current fiscal year (started March 21) to register a 20% increase compared with last year's output, the executive manager of the Agriculture Ministry’s "Olive Project" said.
Rahmatollah Parichehr added that olive oil production is expected to stand at 8,000 tons, registering a 14.3% rise year-on-year, IRNA reported.
“Domestic demand for olive oil exceeds 12,000 tons per year. Last year, more than 3,500 tons of olive oil were mainly imported from Turkey, Italy, Spain and Greece,” he added.

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