Iran Imposes Export Bans on Key Agricultural Products to Stabilize Domestic Market
Global Economic Times Reporter
korocamia@naver.com | 2025-02-27 19:21:35
TEHRAN – In an effort to ensure domestic market stability, Iran's Ministry of Agriculture has issued export bans on several key agricultural products. According to a report by the semi-official ILNA agency, a letter issued this week instructs the Trade Promotion Organization (TPO) to halt exports of apples, oranges, and various types of dates for two months, beginning February 24.
This decision comes as Iran prepares for increased demand during the holy month of Ramadan, which starts on March 2, and the Iranian New Year holidays in late March, when apples and oranges are traditionally featured.
Previously, on February 17, the ministry also imposed a two-month export ban on potatoes, lentils, and beans. The potato ban followed a period where Iran had to import potatoes from Turkey and Pakistan to manage domestic price hikes.
Officials acknowledged the potential negative impact of the potato export ban on exporters, noting concerns about losing market share in countries like Iraq. However, the ministry emphasized the necessity of these measures to maintain domestic market equilibrium.
Iran has been a significant agricultural producer and exporter, with government efforts focused on mitigating the effects of international sanctions on its oil exports. These export bans reflect a strategic shift towards prioritizing domestic needs during periods of heightened demand.
WEEKLY HOT
- 1Millennial Presidents Meet 58-Year Reigning Sultan at Gyeongju APEC Summit
- 2ROK President Lee Faces Major Diplomatic Test with APEC Super Week
- 3MLS Award Nominations: Son Heung-min Vies for Newcomer Honor as Messi Secures MVP Nod and Contract Extension
- 4Minister Choi Hwiyoung Vows 'One-Strike Out' Policy Amidst Surge in Abuse Reports
- 5Hanwha Eagles Soar to Korean Series After 19-Year Wait
- 6Walking Volume Trumps Frequency for Longevity in Older Women: Study