Vegetable oil production in Iran grows 10%

Business Materials 28 November 2018 12:33 (UTC +04:00)

Baku, Azerbaijan, Nov. 28

By Elnur Baghishov - Trend:

Since the beginning of this Iranian year (started March 21, 2018) and until Nov. 21, vegetable oil production in the country has grown 10 percent compared to the same period last year, Amir Houshang Birashk, secretary of the Iranian Vegetable Oil Industry Association, said in an interview with IRNA.

Iran needs about 1.5 million tons of crude vegetable oil annually, 90 percent of this oil is imported and 10 percent are used in the country.

“Since the beginning of the year, more than 360,000 tons of crude vegetable oil have been processed, while 200,000 tons of crude vegetable oil is in Iran’s ports,” he said. “Also, more than 450,000 tons of vegetable oil is stored in state and private sector warehouses.”

He added that 40 percent of imported crude vegetable oil accounts for sunflower oil, 30 percent accounts for palm oil and 30 percent accounts for soybean oil. The vegetable oil is imported from Russia, Ukraine, Indonesia, Malaysia, Argentina and Brazil, he said.