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News ID: 47983
Iran » Iran
Publish Date: 14:22 - 14 September 2020
Monday, 14 September 2020_Iranian trade officials have removed exports tariffs for potato amid an oversupply in the country which is expected to intensify during the current harvesting season.

Iran allows zero-tariff exports for potato amid rising oversupplyA senior official at Iran’s ministry of trade (MIMT) said on Sunday that zero-rated duty on potato exports will be effective until further notice.

Mohammad Reza Kalami, who serves as head of MIMT’s domestic trade department, said that a current oversupply of potato is expected to increase as harvesting season for the crop normally ends in Iran November.

Kalami said the government would consider a delay for return of proceedings gained from exports to further incentivize potato exporters.

He said removing the duty on exports had come in response to a request by potato exporters in Iran. 

However, reports in recent days had suggested that farmers and exporters where demanding the MIMT to halve its fixed base price for potato exports to $100 per metric ton.

It also comes as agricultural authorities in key potato-growing provinces, including in Hamedan in the west and in Ardabil in northwest Iran, had warned they were running out of storage space for surplus potato production.

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