EghtesadOnline: Iran is expected to achieve self-sufficiency in rice production in the current fiscal year (ending March 2020).
EghtesadOnline: Rice production has exceeded 2.6 million tons this year, showing a rise of 13-18% compared with last year’s output, according to the secretary of Iran Rice Association.
EghtesadOnline: Iran's International Rice Trade Center and Export Terminal was inaugurated in the city of Amol, located in the northern Mazandaran Province, on Aug. 21, in the presence of First Vice President Es'haq Jahangiri.
EghtesadOnline: The Ministry of Industries, Mining and Trade has lifted its seasonal ban on rice imports.
EghtesadOnline: About 1.11 million tons of rice worth around $1.1 billion were imported into Iran during the first 10 months of the current Iranian year (March 21, 2018-Jan. 20), which shows a 0.89% decline in weight and 4.41% rise in value compared with the similar period of last year.
EghtesadOnline: India's payment system with Iran is being relaxed further for basmati rice exports. This comes after the US allowed India to continue importing crude oil from Iran and develop Chabahar Port.
EghtesadOnline: Rice shipments have until August 11 to undergo customs clearance procedures, provided they acquired warehouse receipts or declaration forms before the end of working hours on July 22, the director general of the Islamic Republic of Iran Customs Administration’s Imports and Free and Special Economic Zones Affairs Center said.