Iran: A 30-50% increase in the global price of pulses/intermediaries disrupts the market

Published 2024년 4월 27일

Tridge summary

In 2023, the Iranian government included all imported beans in the state currency, allocating around 170 million Euros for 177 thousand tons of beans at a rate of 28,500 tomans per ton. However, despite this, the global increase in bean prices, ranging from 30-50%, has led to a rise in the local market. Seyyed Abdi Eftekhari, secretary of the Iran Legumes Association, blames the price fluctuations on middlemen and advocates for consistent imports to stabilize the market. He also stresses the importance of boosting domestic production to reduce reliance on imports and combat price volatility.

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Original content

In an interview with ISNA, Seyyed Abdi Eftekhari, in response to the question of what percentage of imported beans are included in the state currency, said: In 1402, all imported beans were included in the state currency, i.e. 28,500 tomans. 177 thousand tons of beans entered the country and about 170 million Euros were allocated. He added: The currency of beans was provided step by step, but at least 20 million euros are still left to the traders. The secretary of the Iran Legumes Association stated: This year, no decision has been made to allocate currency to legumes. In response to the question that, considering that all imported beans are included in the government currency, why has this product increased in price this year? A percentage is provided from the place of import. Last year, the global price of beans increased, which was very significant; So that some goods increased in price by 30-50%. He said: Merchants also distributed the goods at the approved rate in the ...

Source: Isna