Economy, Domestic Economy
0

Dairy Exports to Iraq Resume

Dairy Exports to Iraq ResumeDairy Exports to Iraq Resume

Iran has resumed dairy exports to Iraq, according to Iran Dairy Industries Association, after the Iraqi government reversed its decision on raising import tariffs on Iranian products a week ago.  The export of Iranian dairy products to Iraq has been on the decline since the beginning of the current Iranian year (started March 20), and nearly came to a halt after Baghdad recently imposed higher tariffs, Mehr News Agency reported. According to IDIA, a major factor contributing to the decline, apart from the Iraqi tariffs, has been high production costs in Iran, which has effectively eroded domestic producers’ competitive edge vis-a-vis rival exporters, such as Turkey, Saudi Arabia and Egypt. Iran is the second biggest exporter of dairy products in the Middle East after Turkey. The country is now self-sufficient in meeting its domestic demand for cheese, butter and milk powder. More than 600,000 tons of dairy products were exported to 30 countries in the last Iranian year.

 

Financialtribune.com