Iran General NewsIran bans pistachio exports to control price hike

Iran bans pistachio exports to control price hike

-

AP: Iran has ordered a six-month ban on pistachio exports to try to control the price of the nut, which doubled in the past month. Iran was long the world’s largest pistachio exporter, with over 200,000 tons a year, but was surpassed last year by the United States. The Associated Press

TEHRAN, Iran (AP) — Iran has ordered a six-month ban on pistachio exports to try to control the price of the nut, which doubled in the past month.

Pistachios are among Iran’s top non-oil exports and widely consumed at home, bringing in an average of $1.5 billion a year and providing work for hundreds of thousands of people. Iran was long the world’s largest pistachio exporter, with over 200,000 tons a year, but was surpassed last year by the United States.

First Vice President Mohammad Reza Rahimi told Iranian state TV on Friday that the ban is temporary and meant to help bring down the price of pistachios that doubled from about 250,000 Iranian rials ($7) per kilogram.

Western sanctions over Iran’s controversial nuclear program have slowed the country’s economy and disrupted foreign trade.

Latest news

The United States and Arab Allies Sanction Five Entities and 16 Hezbollah Officials

The United States and the member states of the Terrorist Financing Targeting Center (TFTC) have imposed a new round...

Drug Crisis: Chemotherapy Costs in Iran Have Increased Tenfold

A new wave of drug price increases in Iran has catastrophically raised the cost of medical treatment. In one...

Iran’s Negative Economic Growth: From Statistical Manipulation to the Collapse of Investment

When the gap between official figures and reality becomes too wide, the economic crisis is no longer confined to...

Iraq Sets September 30 as Deadline for Disarmament of Iranian Regime-Backed Militia Groups

Iraqi government spokesperson Haider al-Aboudi announced on Monday, June 29, that the government has given Shiite armed groups backed...

Escalating Iran-US Conflict Cuts Strait of Hormuz Traffic, Lifts Oil Prices

Oil Prices Rise and Ship Traffic Through the Strait of Hormuz Declines Following Tensions Between Iran and the United...

The ‘No To Executions Tuesdays’ campaign has entered its 127th week

The campaign “No to Executions Tuesdays,” a prisoner-led protest against executions held across multiple prisons in Iran, entered its...

Must read

New Iran sanctions move likely ‘within weeks’: Gates

AFP: Defence Secretary Robert Gates is hoping for a...

Rice to visit London to discuss Afghanistan, Iran

Reuters: U.S. Secretary of State Condoleezza Rice will visit...

You might also likeRELATED
Recommended to you