Economy, Domestic Economy

Iran to Buy 30,000 Tons of Indian Rice

Iran to Buy 30,000 Tons of Indian Rice
Iran to Buy 30,000 Tons of Indian Rice

Iran’s state grains buyer Government Trading Corporation has issued an international tender to buy 30,000 tons of rice to be sourced from India, European traders said on Wednesday.

The tender closes on Dec. 12, Reuters reported.

The rice is sought in three consignments of 10,000 tons for shipment in early 2018, they said.

More than 1.05 million tons of semi- and wholly-milled rice worth close to $996 million were imported into Iran during the first half of the current Iranian year (March 21-Sept. 22), registering an 84.4% and 108.4% surge in weight and value respectively compared with the corresponding period of last year.

Rice imports accounted for 6% and 4.2% of the volume and value of Iran’s overall imports respectively during the six-month period.

Imports are taking place while every year and during the rice harvest season, the government bans rice imports in support of local farmers and domestic production.

“The ongoing seasonal ban on rice imports will be in effect until Nov. 21,” Deputy Agriculture Minister Yazdan Seif recently said, noting that the ban went into effect in August.

Rice importers bypass the ban during the harvest season by receiving the import permit before the ban period.

Deputy Agriculture Minister Abbas Keshavarz said nearly 2.3 million tons of rice have been produced in the country in the current crop year. Iranians annually consume 3 million tons of rice. The two northern provinces of Gilan and Mazandaran are home to a majority of Iran’s paddy fields.

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