Iran cut sugar imports by 12% in the eight months to late November amid a major rise in domestic output, says an official in the country’s Government Trading Corporation (GTC).
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.
Reuters has spoken to five trade sources in India that confirm that they have contracted to deliver 150,000 tonnes of raw sugar to Iran for March and April delivery.