66530
 4,000 Tons of Cotton Imported Into Iran
 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.

 

Short URL : https://goo.gl/PnkBqy
  1. https://goo.gl/fQv4hW
  • https://goo.gl/2YD9vu
  • https://goo.gl/sgVzS2
  • https://goo.gl/ZrCNym
  • https://goo.gl/EU1FWR

You can also read ...

German firms, especially those without business links to the US, want to continue their Iran business.
While Germany’s big banks are studiously avoiding Iran-related...
New Rules Allow  Direct Forex Sale
Businesspeople that have validated their purchase orders are...
Iran is the world’s biggest saffron producer and accounts for more than 90% of the global production.
Iran Mercantile Exchange launched saffron futures trading for...
Banking Amendments Approved
The Money and Credit Council approved the Central Bank of Iran...
Iran Khodro Expanding Presence in Iraqi Market
Iran’s largest carmaker, Iran Khodro, is set to export 6,000...
Uber Plans Taxi-Hailing  in Japan
Uber Technologies plans to launch its first taxi-hailing pilot...
Tesla Admits Model 3 Braking Issue, Promises Fix
Tesla Inc’s Chief Executive Officer Elon Musk admitted on...
Prices have been jacked up by car dealers and some makers by 6-22% only in the past few weeks.
Authorities are set to ratify new car prices for models...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus