Iran imports over half of needed corn for domestic market

Business Materials 29 December 2012 12:21 (UTC +04:00)

Azerbaijan, Baku, Dec. 29/ Trend G.Mehdi/

Iran imported 3.5 million tons of corn in the current year, more than half of 5.85 million tons which is needed by the domestic market, the Fars News Agency reported.

The corn imports were valued at $1.2 billion, according to the report.

Iran's corn production amounted to 1.73 million tons in the current year, nearly unchanged compared to the year before.

India, Indonesia, and Russia were the three top corn producers in Asia with 20 million tons, 8.9 million tons, and 7.5 million tons of output, respectively.

Iran's corn production rose from one million tons in 2010 to 1.3 million tons in 2011, which showed a 30 percent increase.

A growth in domestic corn production helped reduce the import of the agro product to Iran from 3.4 million tons in 2010 to three million tons in 2011.

Production of other types of grain in Iran increased from 4.7 million tons in 2010 to five million tons in 2011.

Edited by: S. Isayev