Iranian butter producers can meet the demand

TEHRAN, Iran, Sep. 21

Trend:

The Spokesman for the Dairy Products Association of Iran said that the storage of imported butter will be exhausted by the end of September, but domestic production has expanded to meet the needs of domestic markets.

“At the end of 2018, the government imported 45,000 tons of butter at the official rate of foreign currency (42,000 rials per dollar), which was stored in the country's warehouses so that it could be offered to the market on a daily basis,” the Spokesman for the Dairy Products Association of Iran, Mohammadreza Bani-Taba said, Trend reports citing YJC.

“The stock of imported butter is currently running out and will end by the end of September,” he said adding that the rumors about the shortage of butter have been published in the media.

"Since concerns were raised about the depletion of butter reserves in the country, it was decided to expand butter production in the country,” he added.

"In the current situation, if we want to import butter with foreign currency at free-market or NIMA rate, the butter price will be about 35 percent more expensive than domestic production,” he added.

The spokesman of the Dairy Products Industry Association stated that “The market regulation headquarters has approved the price of $2 for 100 grams of domestically produced butter.