Poultry feed importers go out of business in Iran due to limitations in money transfers

Livestock and poultry feed importers in Iran are experiencing big difficulties in money transfers and therefore, a significant number, 70% of importers are reportedly going out of the business.
According to the Livestock and Poultry Feed Importers Union, at the beginning of the current year, there were 403 importers engaged in feed importation while this number has decreased down to 111 active importers currently.
In the period from March 20 to Sept 11, crude vegetable oil imports declined by 56%, soybean meal by 60%, barley by 23%, and oilseeds by 35% compared to the same period last year.
Iranian importers are experiencing problems with money transfers rather than finding foreign currency to finance their payments. On the other hand, Iranian importers are able to make payments with South Korean won, Omani rial, Iraqi dinar, and Pakistani rupee.