Trade4go Summary
In response to rising prices of basic food products, Iran has imposed a two-month export ban on apples, oranges, and dates, impacting one of the largest apple exporters in the world. This ban is expected to affect international markets, potentially increasing apple prices in Europe and Turkey from March to June. However, economic analysts warn that the ban may exacerbate Iran's economic issues by reducing foreign exchange earnings and worsening inflation and exchange rate problems.
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Original content
Due to the sharp increase in the prices of basic food products in Iran, which caused mass discontent among the country's population before the holy month of Ramadan for Muslims, the Islamic republic has banned the export of apples, oranges and dates for 2 months, the electronic publication EastFruit reported, citing its sources in trade circles. Some of the sources indicated February 24 as the date for the ban to come into force, but according to the publication, it was still possible for agreed quantities to leave for buyers from abroad until February 27. Its analysts suggest that the ban may come into full force from the end of February. Iran is among the world leaders in apple exports, at least in terms of quantities, selling up to 1 million tons abroad in certain seasons, and the decision to ban is fully capable of having a strong impact on international markets. The publication recalls that only Italy, China and Poland can offer comparable quantities. However, Iranian apples ...