Dairy Exports to Iraq Resume
Economy, Domestic Economy

Dairy 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.


Short URL : http://goo.gl/zNkzTt
  1. http://goo.gl/DFMFWJ
  • http://goo.gl/kWqcfQ
  • http://goo.gl/EL17LY
  • http://goo.gl/L1Ai2D
  • http://goo.gl/f8d3kW

You can also read ...

Europe May Tap Cryptocurrencies to Shield Iran Against US Sanctions
The European Union may opt for digital currencies in its...
Iran’s net hot-rolled coil consumption was 5.6 million tons in 2017, of which 0.8 million tons were imported.
Russia and Kazakhstan are temporarily stepping back on sales...
Secondary Forex Market: Corruption Loopholes Abound
Two goals set have been set for the recent establishment of...
EU foreign policy chief, Federica Mogherini, hailed the imposition of the blocking statute on Monday as a “consistent step forward”.
As it races to save the Iran nuclear deal, the European Union...
Deputy Economy Minister Defends Gov’t Forex Policy
The government’s policy to allocate dollars and euros to...
Hashtgerd Subway Station Construction Underway
Iranian authorities are pushing ahead with construction plans...
Colza Production Exceeds Expectations
The government has purchased more than 300,000 tons of colza...
Interbank Rate Tweak to Impact Interest Rates
Officials at the Central Bank of Iran have announced the...