Tridge summary
The article highlights a significant decrease in food consumption in Iran, with a 35% drop in the first 50 months of the year due to the pandemic's impact on social events and income levels. This decrease in demand has been further compounded by increased prices of essential food items like cereals, tomatoes, and soybeans, by two to several times compared to the previous year. The rise in soybean prices, in particular, is attributed to both its replacement of meat and increased use in industrial products. Similarly, the price of tomato paste has surged due to lower production and a boom in exports. The article also notes the dependence on imports for grain, with 70% of the country's grain needs met through imports, and the average wholesale price of beans increasing by 2.25 times. The article does not speculate on the causes of these price increases or the potential impact on consumers.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
According to ISNA, "Hamshahri" newspaper further wrote: "According to union activists, in the first 50 months of this year, due to the prevalence of coronation, reduced number of parties, mourning and weddings and reduced purchasing power of customers, food consumption has decreased by 35%." In addition, the conditions of domestic production, import and supply of some food items such as cereals, tomatoes, soybeans, etc. have caused the price of these items to grow 2 to several times compared to last year. We talked to Qassem Ali Hassani, the secretary general of the Food Bankers' Union, about the market situation and the banking prices of these items. What is the situation in the banking market and the demand for food? According to the Food Bankers Union, the consumption of cereals and other foodstuffs has decreased by 35% from the beginning of this year to the end of July compared to the same period last year. The main reasons for this drop in demand have been the rise in prices ...
Source: Isna
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