Animal feed

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