Lack of sugar leads to shutdown of Iranian chocolate factories
Baku, Azerbaijan, June 29
By Khalid Kazimov – Trend:
A decision by Iranian government to ban importing sugar into the country has led some chocolate manufacturers to halt production due to the lack of the principal ingredient.
Jamshid Maghazei, the secretary of the Association of Iranian Confectionery Manufacturing Companies, has said that the decision on banning the imports of sugar has developed an imbalance of supply and demand in the market, Tasnim news agency reported.
He added that Iranian chocolate manufacturers export about $500 million worth of chocolate per year.
According to him there are over 300 chocolate manufacturers in Iran who in total require about 8,000 tons of sugar on daily basis.