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Iranian Cabinet of Ministers approves prices for some products

Business Materials 30 March 2020 20:59 (UTC +04:00)
Iranian Cabinet of Ministers approves prices for some products

BAKU, Azerbaijan, March 30

By Elnur Baghishov - Trend:

The Iranian Cabinet of Ministers has approved the prices proposed by the Ministry of Agriculture for the purchase of tea leaves, cocoons and sugar beet, Trend reports referring to the Ministry of Agriculture.

In accordance with the decision, the price of the first grade tea leaves was set at 46,000 rials (about $1.09) while the price of the second grade tea leaves was set at 33,000 rials (about 0.78 cents).

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Products

Price (1 kg) in rials and US dollars

1

First grade tea leaves

46,000 rials

$1.09

2

Second grade tea leaves

33,000 rials

0.78 cents

3

Cocoons

330,000 rials

$7.85

4

Sugar beet (grown in spring)

6,024 rials

0.14 cents

5

Sugar beet (grown in autumn)

5,900 rials

0.14 cents

The table shows the prices in the US dollars in accordance with the official exchange rate of Iran.

A number of products in Iran are purchased from farmers on a guaranteed basis. Thus, farmers supply their products to a state company and gradually receive money for the products.

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