Economy, Domestic Economy
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Sugar Output Estimated to Exceed 1.5m Tons

Sugar Output Estimated  to Exceed  1.5m Tons Sugar Output Estimated  to Exceed  1.5m Tons

Iran’s sugar production is estimated to exceed 1.52 million tons by the end of the current fiscal year (March 20, 2017), an official with the Ministry of Agriculture said.

“Domestic demand for sugar stands at 2.2 million tons annually. Therefore, there is need to import close to 700,000 tons,” Alireza Yazdani was also quoted as saying by ILNA.

The Islamic Republic of Iran Customs Administration recently announced that imports and sales of raw sugar are now exempt from value added tax.

 

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