Iran, Russia to expand trade and co-op in grain industry

Business Materials 10 November 2021 18:14 (UTC +04:00)

TEHRAN, Iran, Nov. 10


Iran and Russia are expanding trade and cooperation in the grain industry by creating necessary infrastructures, reducing trade costs and continuing joint investment, said the president of the Russian Grain Union, Trend reports citing IRNA.

Iran could distribute grain from Russia to regional countries, Arkady Zlochevsky noted during his meeting with the Iran ambassador in Russia Kazem Jalali.

Russia has exported 45 million tons of grain to various countries in last year and Iran was the second big importer of grain from Russia.

The capacity of Iran's milling industry is remarkable and by access to grain from Russia, the country could use its empty slots to process and export products to regional countries.

There are currently 371 active flour mills with production capacity of 26 million tons while based on the country's annual per capita consumption another 10 million tons added to the production capacity of flour manufacturers, however millers in Iran only produce 40 percent of their capacity and require to increase production.