Press TV

Iran’s wheat output reaches milestone of 10 million mt

Iran’s ministry of agriculture says this year’s domestic wheat purchases have reached a milestone of 10 million metric tons (mt).

Agriculture and Environment

Report reveals more details of unblocking Iranian funds in South Korea

The process to unblock Iran’s funds in South Korea that have started under an emerging prisoner swap deal between Iran and the US would take at least four weeks, according to a report published by a local Iranian news agency.

Iran Economy

Iran’s oil exports exceed budget target of 1.4 million bpd

Iran’s crude oil exports has already hit a target set in the country’s annual budget law despite US sanctions as authorities expect even higher sales could boost government finances and help finish major infrastructure projects.

Energy

Iran’s domestic wheat purchases surge by more than a third

Iran has reported a major surge in domestic wheat purchases with an official in the country’s agriculture ministry (MAJ) saying that purchases have risen by 37% in the harvest period between April and early August compared to the same period last year.

Agriculture and Environment

Iran looking for expansion of trade with East Europe

Iran is planning to increase its trade relations with countries in Eastern Europe as a senior official says Tehran wants to capitalize on increase agricultural exchanges and barter trade with countries in the region.

Trade

Iran’s rice imports nearly halves YOY in 4 months to late July

Iran has significantly cut its rice imports this year as figures provided by the country’s customs office (IRICA) show shipments nearly halved in value terms in the four calendar months to late July.

Agriculture and Environment

IMF revises up Iran’s 2023 economic growth forecast to 2.5%

The International Monetary Fund (IMF) has revised up its 2023 economic growth forecast for Iran amid better oil exports from the country and despite the continued pressure of American sanctions on the economy.

Macro Economy

Iran’s four-month tax revenues post 50% YOY surge

Iran’s tax revenues reached the equivalent of $4.5 billion in the four months to July 22, an increase of 50% compared to the same period last year, according to figures by the Iranian National Tax Administration (IRICA).

Macro Economy

Official report puts Iran’s annual inflation at 47.1% in July

Figures by the Statistical Center of Iran (SCI) show inflation rate in the country reached 47.1% in the year to late July, down 1% from the same figure reported for the year to late June.

Macro Economy

Iran’s oil revenues up 67% to $42.6 billion in 2022: OPEC

Figures by the Organization of Petroleum Exporting Countries (OPEC) show that Iranian oil export revenues rose by 67% last year despite continued pressure of American sanctions on the country.

Energy