Iran official talks main reason for meat price hike
Baku, Azerbaijan, Feb. 4
By Elnur Baghishov - Trend:
The high foreign currency rate in Iran is the main reason for the increase in meat prices, deputy agriculture minister for livestock affairs, Morteza Rezaei, said, Trend reports via IRNA.
He said there is no shortage of meat production and supply, but the prices for meat are higher in comparison with the purchasing power of citizens.
He added that 140,000 tons of mutton and frozen meat were imported this Iranian year (started March 21, 2018).
In accordance with the official exchange rate in Iran, the price of $1 is 42,000 rials. However, the price of $1 varies within 110,000-120,000 rials in the black market in Iran.
The price of 1 kg of mutton has recently increased to 1 million rials in Iran.