Economy, Domestic Economy

Wheat Imports Restricted, Not Banned

Wheat Imports Restricted, Not BannedWheat Imports Restricted, Not Banned

Wheat imports in the upcoming Iranian year (to start March 20) are not banned but restricted, according to an official with the Government Trading Corporation of Iran.

"The temporary entry of wheat to the country for further processing and export is permitted as usual," says Hassan Abbasi Maroufan, refuting earlier rumors regarding the prohibition of wheat imports.

Over a month ago, it was reported that the Agriculture Ministry had banned its import as of next year, due to sufficient reserves.

"At present, we have some 2 million tons of wheat in excess of domestic demand, and controlling the imports seems only reasonable, unless the need for the product arises. Up until now no amount of wheat has been imported by the GTC, but we have received order registrations for the import of over 2 million tons of the product from the private sector," he said.

According to the official, the tariff for wheat imports is set at 10% and customs offices allow for the trade to take place, provided the relevant guarantees are offered by the importer.