Iran not to provide rice importers with official rate dollar

Business Materials 27 January 2013 12:08

Azerbaijan, Baku, Jan.27 / Trend F.Mehdi/

Iran will no longer provide importers of rice with official rate dollar (12,260 rials), Fars News Agency reported.

Importers should import rice using Forex Center dollar, which is 24,551 rials today.

Iran imported 897,000 tons of rice, valued at $884 million, during the first nine months of the current Iranian calendar year, which began on March 20, 2012, ISNA reported, citing statistics released by the Iranian Customs Administration.

Compared to the same time span last year, the figures showed an 18.8-percent increase in terms of value and a 3.3-percent rise in terms of volume.

India, the United Arab Emirates, and Pakistan were the main exporters of rice to Iran.

China, Austria, Thailand, Turkey, Singapore, Oman, and Russia were the other sources of rice exports to Iran.

On Dec.19, 2012, Mehdi Kabuli, official in the country's Agricultural Jihad Ministry said that Iran needs to import 500,000 tons of rice each year.

Iran plans to produce over 2.4 million tons of rice in the current Iranian calendar year, Kabuli added. Annual rice consumption in Iran stands around 2.8 million tons, so we only need to import less than 500,000 tons of rice this year, he said.

Iran plans to reach self-sufficiency in rice production during the next three years.