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Animal feed

Iran’s import of animal feed down 26% YOY

A total of 9.91 million tons of livestock feed were imported into Iran during the first nine months of the current Iranian year (March 21-Dec. 21), registering a 26% fall compared with last year’s similar period.

Agriculture and Environment

Iran replaces Ukraine with Brazil for imports of animal feed

Iran has replaced Ukraine with Brazil for the country’s mostly needed imports of animal feed, according to an official familiar with the matter.

Trade

Iran’s imports of animal feed raw material top $6 billion in 11 months

Iran imported a total of 15.5 million tons worth $6.47 billion of raw materials for production of animal feed during the first 11 months of the current fiscal year (March 21, 2021-Feb. 19).

Agriculture and Environment

Iran’s imports of animal feed raw material hit $3.7 billion

Iran imported a total of 10.28 million tons of raw materials for the production of animal feed worth $3.78 billion during the current fiscal year’s first eight months (March 21-Nov. 21), registering a 20% and 41% rise in weight and value respectively compared with the similar period of last year.

Macro Economy

Subsidized forex policy for imports a glaring failure

Soymeal prices in the domestic market have soared by 200% compared to last year, says the head of Food Wholesalers Association, noting that soybean imports are entitled to subsidized foreign currency (at the rate of 42,000 rials per dollar).

Trade

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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