Trade4go Summary
The Iranian government has imposed a two-month ban on exports of apples, oranges, and dates, impacting the global market as Iran is one of the top apple exporters. This decision aims to address the rising prices of basic foodstuffs in the country, which has led to unrest among the population, especially ahead of Ramadan. However, experts caution that this populist measure will likely worsen Iran's economic problems, including inflation and currency devaluation, by reducing foreign exchange earnings and further restricting the availability of these fruits in the market.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
According to EastFruit trade sources, due to skyrocketing prices of basic foodstuffs in the country, which causes mass discontent of the population ahead of the Muslim holy month of Ramadan, the Iranian government has decided to impose a complete ban on exports of apple, orange and dates for two months. Some sources point to February 24, 2025 as the date of the ban, but according to our sources, shipments were still possible until yesterday. It is likely that they will be stopped today, due to the beginning of Ramadan. Since Iran is one of the world leaders in apple exports by volume, exporting up to 1 million tons of these fruits in some seasons, such a decision will have a strong impact on the world apple market. It should be reminded that only Italy, China and Poland have comparable volumes of apple exports with Iran. At the same time, Iranian apple has key positions in one of the main import markets of apple in the world – the Indian market. Also, Iran has a great influence ...