Economy, Domestic Economy
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Government Bans Sugar Export

Government Bans Sugar ExportGovernment Bans Sugar Export

In a letter to the Islamic Republic of Iran Customs Administration’s Export Affairs Bureau, the Ministry of Industries, Mining and Trade announced that sugar export has been banned.

The decision was made by the Market Regulator Taskforce, Mehr News Agency reported on Monday. The report failed to mention the government’s reasoning for taking this measure.

“More than 2 million tons of sugar were produced in Iran in the last Iranian year (ended March 20, 2018) to set a record in the past 123 years,” the secretary of Iran’s Sugar and Sugar Cube Factories Guild Union said.

“More than 8 million tons of beetroot were produced last year, from which more than 1.14 million tons of sugar were extracted. 

Over 7.91 million tons of sugarcane were cultivated across the country, from which around 872,130 tons of sugar were produced,” Bahman Danaei was also quoted as saying.

Iranians annually consume 2.2-2.4 million tons of sugar.

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Financialtribune.com