Traders are urging the Iranian government to lift a seasonal ban on rice imports amid a reported shortage that has caused prices of the domestic rice crop to soar.
Iran’s customs office (IRICA) says that exports from the country rose by 61% in value terms in the first half of the calendar year that started in late March.
Figures by Iran’s ministry of industries (MIMT) shows home appliances production in the country kept growing at a robust rate in the first five months of the current calendar year to reach over 2.61 million units.
The administration of US President Joe Biden is reportedly reviewing a 2018 sanctions waiver, which allowed Afghanistan to purchase Iranian gasoline and gasoil.
An official at the Iranian agriculture ministry (MAJ) says domestic output of sugar would be enough to meet some 70% of the country’s demand for the produce in fiscal year to March 2020.
A senior official at Iran’s National Petrochemical Company (NPC) says exports of petrochemicals were responsible for a fourth of all non-crude shipments exported from the country in the year to late March.
Iran’s minister of trade Reza Fatemi Amin says non-crude exports from the country could surge by $5 billion in the second half of the calendar year to late March.
Iran will connect eight more petrochemical complexes to its state-of-the-art ethylene transfer pipeline as the country seeks to increase production and create more jobs in the petrochemical sector.
Iran’s customs office (IRICA) has posted a trade surplus of $1.263 billion for the calendar month to August 22 as sales to China accounted for a bulk of the rise in the shipments.
Iranian tire manufacturers have been allowed to start exports of their products for a first time in years as market authorities seek to ease a domestic oversupply.