Iran: Sugar imports drop 36% amid rise in domestic yields

Published Apr 7, 2024

Tridge summary

Iran saw a significant decrease in sugar imports during the first 11 months of the last Iranian calendar year, with imports dropping by 47% in weight and 36% in value compared to the previous year. The country imported around 666,000 tons of sugar, valued at $434 million, a reduction from 1,262,000 tons worth $683 million the year before. This decline is largely due to the government's efforts to boost domestic production through increased cultivation of sugar beets and sugarcane, aiming to meet its annual sugar requirement of 2.2 million tons predominantly through local production.

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Original content

TEHRAN - Iran imported 47 percent less sugar during the first 11 months of the last Iranian calendar year (beginning on March 21, 2023) compared to the year before. According to statistics, the country imported some 666,000 tons of sugar products worth $434,000,000 last year, showing a 47 percent drop in terms of weight and 36 percent in terms of value compared to the same period of the year before. Iran needs 2.2 million tons of sugar every year, of which a significant amount is supplied by domestic producers and the rest must be imported. The amount of sugar imported in the Iranian calendar year 1401 (March 21, 2022, to March 20, 2023) was about 1,262,000 tons worth $683,000,000, and the ...

Source: Tehrantimes