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Iran imposes ban on price rise in products and essential commodities

Business Materials 1 November 2010 17:51 (UTC +04:00)
Iran has published a list of 22 types of products and essential commodities, on which price rise is banned by the government, IRINN agency reports today.
Iran imposes ban on price rise in products and essential commodities

Azerbaijan, Baku, Nov.1 / Trend, A.Yusifzade /

Iran has published a list of 22 types of products and essential commodities, on which price rise is banned by the government, IRINN agency reports today.

The list of essential commodities include: rice, vegetable oil, sugar, meat, poultry, eggs, bread, dairy products (milk, yogurt, butter, cheese), pasta, legumes (lentils, beans, peas, etc.) and cereals ( barley, corn), tea, dates, potato, onion, tomato, tomato paste, fruit (apples, bananas) and citrus (tangerines and oranges), detergent, steel, cement, paper (newspapers, publications), motor tires ( cars, trucks and buses).

"If committee producers don't increase productivity, market prices will invariable rise," Iranian Trade Minister Mehdi Gazanfari said earlier.

In order to prevent a sharp rise in prices the Iranian Commerce Ministry signed an agreement with producers and ensured supplies of 13 kinds of essential products to the country.

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