Iran ends seasonal rice import ban – agencies

Sun Dec 02 2018
Nikki Bailey (1365 articles)

DUBAI (Reuters) – Iran has ended its seasonal ban on rice imports, allowing importers to register their orders, Iranian news agencies reported on Sunday.

Deputy Agriculture Minister Ali Akbar Mehrfard announced the end of the annual ban in a letter dated Nov. 28, the ISNA semi-official news agency reported. Other agencies carried similar reports.

The government usually imposes the ban for a few months each year to support local prices and help Iranian growers during the harvest season.

Iran consumes 3 million tonnes of rice a year. About one million tonnes is imported, mainly from India and Pakistan.

Reporting by Dubai newsroom; Editing by David Goodman

Nikki Bailey

Nikki Bailey

Nikki Bailey reports on US Stocks. She covers also economy and related aspects. She has been tracking US Stock markets for several years now. She is based in New York