Economy, Domestic Economy
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4,000 Tons of Cotton Imported Into Iran

 4,000 Tons of Cotton Imported Into Iran 4,000 Tons of Cotton Imported Into Iran

More than 4,000 tons of uncarded and uncombed cotton worth 270 billion rials (over $7.2 million) were imported during the first month of the current fiscal year (March 21-April 20), according to the Islamic Republic of Iran Customs Administration.

The imports were from the United Arab Emirates, Turkey, Uzbekistan and Tajikistan, Mizan Online News Agency, affiliated to the judiciary, reported.

Managing director of Iran Cotton Fund, Mohammad Hossein Kaviani had earlier said domestic cotton production stood at close to 40,000 tons in the last fiscal year that ended in March 2017.

"Our textile industries' need is between 90,000 and 100,000 tons per year. Local production is not sufficient to meet domestic demand. We need to import at least 50,000 tons annually," he said.

 

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