Molasses Exports to Thailand at Record High
Economy, Domestic Economy

Molasses Exports to Thailand at Record High

Iran exported 31,230 tons of molasses to Thailand in June, which is a record monthly high since 2010, registering an eightfold increase compared with the previous month.
Molasses is a viscous product resulting from refining sugarcane or sugar beet juice into sugar. Sugarcane molasses is agreeable in taste and aroma, and is primarily used for sweetening and flavoring foods while sugar beet molasses is mainly used as an animal feed additive. ILNA did not specify whether the molasses exported to Thailand was refined from sugarcane or sugar beet.
According to Thai Customs Department, Iran-Thailand trade stood at $421 million in 2016, indicating a 36% rise year-on-year. During the year, Iran exported $153 million worth of commodities to Thailand, up 67% YOY, and imported $268 million in return, up 23% YOY.

Short URL : https://goo.gl/MGb4BY
  1. https://goo.gl/XJrrFk
  • https://goo.gl/anjwjZ
  • https://goo.gl/xZxrFk
  • https://goo.gl/yj7Q4D
  • https://goo.gl/tQLoKE

You can also read ...

Iran Receives First Round of Post-Sanctions Finance From European Banks
In what were the first finance deals clinched with cautious...
Indian Bank to Extend $150m for Chabahar Development
Iran is expected “very soon” to approach India’s Exim Bank...
TEDPIX soared by 3,459 points or 4.2% during the sixth month of the year–the highest monthly rise recorded so far this year.
Tehran Stock Exchange’s primary index TEDPIX gained 8,346.3...
Gold Coin Hits 3-Week Low
Gold coin prices are modestly down and hit a three-week low in...
Roads and Urban Development Minister Abbas Akhoundi has...
68% of Non-Oil Exports Headed to 5 Countries
China, Iraq, the UAE, South Korea and India imported 68.7% of...
Flat Steel Import Market Cools as Domestic Prices Drop
Import prices for flat steel materials cooled down in Iran in...
51.5% Rise in University Graduates
The findings of the most recent National Population and...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.