Iran’s economy council says rice prices surge in domestic market

Business Materials 25 December 2016 16:10 (UTC +04:00)

Baku, Azerbaijan, Dec. 25

By Khalid Kazimov – Trend:

An Iranian economic body has reported that the prices of home-grown and imported rice have increased over the first seven months of the current fiscal year (staring March20) in the domestic market.

According to the report, the Islamic Republic’s economy council has said that the prices of Tarom rice, a type of qualified Iranian rice, have increased by 25 percent year on year, Tasnim news agency reported.

According to the report, per kilo of Iranian rice of Tarom was traded at $3.6 over the mentioned period.
In the meantime, Iranians have seen a rise by 7.5 percent in the prices of imported rice, the report added.
The report added that the prices of Indian rice stood at $1.5 in the Iranian market over the period of seven months.

It was earlier announced that Iran imported 448,000 tons of rice, worth $345 million, from India during the first eight months of current fiscal year. The average price of imported rice was $0.77 per kilogram