79123
IRICA Halts Order Registrations for Rice Imports
Economy, Domestic Economy

IRICA Halts Order Registrations for Rice Imports

At the request of Agriculture Minister Mahmoud Hojjati, the Islamic Republic of Iran Customs Administration has halted order registrations for rice imports on Sunday. The ban will remain in effect until further notice, IRNA reported. In a letter to Industries Minister Mohammad Shariatmadari on Nov. 26, Hojjati asked for the ban on rice imports to be reinstated amid excessive imports. Latest data show more than 1.06 million tons of rice worth over $1 billion were imported during the seven months to Oct. 22, indicating a 40% rise in weight compared with last year’s corresponding period. During the rice harvest season, the government bans rice imports in support of local farmers and production.  Import tariffs have increased from 22% some four years ago to 40% at present for the same reason.  The temporary ban was lifted on Nov. 21 as per the directive of the Industries Ministry and was supposed to last until July 22, 2018. Iranians consume 3 million tons of rice while domestic production stands at 2.2 million tons per year, which calls for imports to compensate the shortage.

 

Short URL : https://goo.gl/wUkMBG
  1. https://goo.gl/mYaXMh
  • https://goo.gl/FqbVsZ
  • https://goo.gl/SH9AEP
  • https://goo.gl/fRxXyj
  • https://goo.gl/QLwx9P

You can also read ...

Effects of Sanctions on Food Consumption of the Poor
It is now clear that the purpose of US sanctions against Iran...
CBI Moves to Sideline USD
As part of the latest measure to ditch the US dollar from the...
New Online System to Monitor Warehouses Countrywide
All warehouses in Iran are required to register in the so-...
Surcharge on Forex Rate Difference “Illegal”
The retrospective application of Clause Five of the government...
Bank Loans Hit €18 Billion in 4 Months
Banks and credit institutions allocated a total of 1.67...
Optimism Over Prospects of Iran Stocks Performance
The latest Consensus Earnings Report shows the price to...
Gov’t to Build  2 New Towns
The Iranian government will commence the process of building...
Saqqez Airport to Be Ready  in 2 Years
The construction of Saqqez Airport, located 266 kilometers...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus