Pakistan says ready to export onions to Iran at cheap prices

Business Materials 16 April 2019 13:27 (UTC +04:00)

Baku, Azerbaijan, April 16

By Elnur Baghishov - Trend:

Officials of Federation of Pakistan Chambers of Commerce & Industry (FPCCI) have announced that the country is ready to export onions to Iran for about $0.35 per kilogram, Trend reports with reference to Fars News Agency. As the FPCCI officials reported, the cultivation of onions in Pakistan is at a good level. In his turn, Chairman of the Iranian Chamber of Commerce, Industries, Mines and Agriculture Gholamhossein Shafei said that Iranian economic condition is very fragile and that decisions are to be made for the benefit of the people.

Economic problems alongside heavy rains in Iran since mid-March have led to an increase in the prices for onion crop, which rose to 150,000 rials (about $3.57) per kilogram. In the meantime, the Iranian Ministry of Industry, Mine and Trade has banned the export of onions and potatoes since April 4, 2019.

However, this prohibition has not seriously impacted the onion prices. In the cities of Iran, onions are sold at around 120-150,000 rials (about $2.85-$3.57) per kilogram.