Iran private sector discusses grain exchanges with Russian businessmen

Iran’s private sector representatives and members of Tehran Chamber of Commerce, Industries, Mines and Agriculture held a meeting on Sunday with a visiting Russian delegation from the Chamber of Commerce and Industry (CCI) of the Republic of North Ossetia–Alania to discuss expansion of grain trade between Iran and Russia.

6 August 2019
ID : 22151
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Iran’s private sector representatives and members of Tehran Chamber of Commerce, Industries, Mines and Agriculture held a meeting on Sunday with a visiting Russian delegation from the Chamber of Commerce and Industry (CCI) of the Republic of North Ossetia–Alania to discuss expansion of grain trade between Iran and Russia.

A farmer harvest wheat in Eastern Azarbaijan. TASNIM NEWS AGENCY/Mahdi Dailari

Iran’s private sector representatives and members of Tehran Chamber of Commerce, Industries, Mines and Agriculture held a meeting on Sunday with a visiting Russian delegation from the Chamber of Commerce and Industry (CCI) of the Republic of North Ossetia–Alania to discuss expansion of grain trade between Iran and Russia.

The Russian delegation was headed by CCI President of the Republic of North Ossetia–Alania, Kazbek Tuganov. He was accompanied by managing directors of several local companies operating in the field of grain production, Financial Tribune reports. 

Agricultural, food and livestock products accounted for 74% of Iran's overall exports to Russia in 2018. These products accounted for 65% of Russia's total exports to Iran.

Statistics provided by the Islamic Republic of Iran's Customs Administration show Iran traded 2.67 million tons on non-oil commodities worth $1.62 billion with Russia during the past fiscal year (ended March 20), registering a 41.48% and 59.13% growth in tonnage and value respectively compared with the year before.

Exports to Russia amounted to 499,802 tons worth $280.53 million to register a 4.07% and 4.07% decline in tonnage and value respectively year-on-year.

Russia was Iran’s 14th export destination in the whole world during the year.

In return, Russia exported 2.17 million tons of commodities worth $1.34 billion to Iran, up by 59.39% and 84.52% in tonnage and value respectively YOY.

Russia was the eighth exporter of goods to Iran in the world last year.

Major Iranian commodities exported to Russia were kiwi, tomatoes, apples and pistachios.

Russia mainly exported nuclear reactor parts, sunflower oil, field corn and barley to Iran, the paper added. 

The Republic of North Ossetia–Alania is a federal subject of Russia. The agricultural sector of the region is varied and specializes in the cultivation of wheat, corn and sunflowers; horticulture; viticulture; and cattle and sheep breeding.

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