IRAN: Government ends state monopoly on sugar imports
Private companies may start importing sugar in to Iran, ending a state monopoly, the government said. The government had imposed a monopoly on importing and distributing sugar, which it sold at subsidised rates as part of a strategy to protect low-income earners, reported Reuters. Iran imports large volumes of sugar because the country itself produces very little. Production is forecast at less than half of consumption this year at just 1.1 million tonnes. This is blamed on a lack of interest from the private sector due to the low profits achieved in the industry.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Does Kraft Heinz want to swallow Unilever whole?
- Focus: Nestle CEO plan to balance sales, earnings
- US food next wave on display at Winter Fancy Food
- Comment: Meal kits in US - don't believe the hype
- Why Reckitt Benckiser moved for Mead Johnson
- Kraft Heinz pursuing Unilever in takeover move
- Kraft Heinz pulls Unilever bid
- General Mills issues profit warning
- Kerry operating earnings strengthen on slow sales
- Kerry Group staff in Ireland suspend strike action