GTC Allows Imports of 550,000 Tons of Sugar
GTC Allows Imports of 550,000 Tons of Sugar

GTC Allows Imports of 550,000 Tons of Sugar

GTC Allows Imports of 550,000 Tons of Sugar

The Government Trading Corporation of Iran has given the green light for importing 550,000 tons of sugar to stabilize the market.

GTC deputy head, Hassan Abbasi, said that Iranians consume between 2.2 and 2.4 million tons of sugar a year and last year’s (March 2016-17) sugar production stood at 1.64 million tons, therefore imports of 550,000 tons of sugar will not hurt domestic production, GTC's website reported.

GTC is a government-owned company specializing in the purchase, import and distribution of essential foodstuff.

It is the lever for enforcing market controls. The company is also in charge of maintaining a supply of wheat, rice, cooking oil and meat, as the country’s strategic reserve of essential commodities.

Short URL : https://goo.gl/1REMrW
  1. https://goo.gl/BTlgKc
  • https://goo.gl/9hbWGs
  • https://goo.gl/lUX6oA
  • https://goo.gl/Unb9F4
  • https://goo.gl/h93iyP

You can also read ...

Economic War on Iran Is War on Eurasia Integration
Hysteria reigned supreme after the first round of US sanctions...
German Rail Operator, Deutsche Telekom End Iran Projects
German rail operator Deutsche Bahn and Deutsche Telekom are...
Emirati Paper: Baghdad Expected to Maintain Strong Economic Ties With Tehran
Iraq’s ties with Iran are likely to grow stronger as a result...
 New ATR Planes Join Iran Air Fleet
The ATR 72-600 planes recently delivered to Iran Air have...
Decline in Forex  Rates Expected
While the foreign exchange rates are still considered bullish...
NZ Exporters Wary of Rising  US-Iran Trade Tensions
New Zealand exporters are looking to worsening US-Iran...
Australian Teen Hacked Apple’s Computer Network
An Australian teenager has pleaded guilty to hacking into the...
 TPO Clarifies Import Ban List to Foreign Traders
The recent ban imposed on the import of certain products has...

Add new comment

Read our comment policy before posting your viewpoints