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Iran frozen beef imports drop

Business Materials 11 February 2019 14:53 (UTC +04:00)

Tehran, Iran, Feb.11

Trend:

Iran's imports of frozen beef from Dec. 22 to Jan. 20 stood at 5,000 tons, according to statics of Iranian customs, Trend reports citing Tasnim.

Compared to the red meat imports from Nvo. 22 to Dec. 21, the imports of the frozen beef have dropped in half, said the report.

Iranian customs statistics indicated that during the first 10 months of the current Iranian year (started on March 21,2018) around 89,500 tons of frozen beef worth $374 million have been imported into the country, while the imports have fallen by 11.4 percent in late November.

The data of Iran's foreign trade for Nov. 22 to Dec. 21 shows the country imported around 85,000 tons of frozen beef worth $355 million.

Iran's beef imports volume was positive by late October and the country imported 76,000 tons of frozen beef, which was 8% more compared to the same period last Iranian year (March 21, 2017). However, the overall level has dropped since then.

The fluctuation of the meat price in the current month in Iran, created certain turbulence in the market, leading to people standing in long lines to buy imported meat. It has also affected the meat consumption of low-income families in the country.

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