News ID: 316455
Published: 0244 GMT September 19, 2021

Iran expected to cut sugar imports with increased domestic production

Iran expected to cut sugar imports with increased domestic production

An official at the Iranian Agriculture Ministry said domestic output of sugar would be enough to meet some 70% of the country’s demand for the produce in fiscal year to March 2020.

Agriculture Ministry’s Sugar Beet Contractor Peyman Hessadi said that Iran expects total output of sugar from beets to reach up to one million tons this Iranian year (started March 21), Press TV reported.

Hessadi said that sugar production from cane will amount to up to 800,000 kilograms with better yields expected in the upcoming harvesting seasons.

Iranian government estimates suggest that domestic demand for sugar amounts to 2.3 million tons per year. Same figures show that per capita sugar consumption in the country is two kilograms higher than the global average of 25 kilograms.

Local production of sugar started to decline from 2017, the year in which Iran had reported an all-time output record of 1.99 million tons.

Imports soared to 714,000 tons in the Iranian year to March, up 154% against the previous year. A bulk of Iran’s sugar imports over the period came from India where government figures show that Iranian purchases had accounted for some 20% of the country’s total sugar exports in the 2019/20 season.

However, increased local production means Iran can cut its massive sugar imports bill, especially at a time when it is facing financial problems settling payments with Indian merchants due to US sanctions.

Hessadi said that the Agriculture Ministry has concrete plans to increase the rate of self-sufficiency for sugar to nearly 95% in 2025.

He said better purchasing prices and more government support for farmers could help further boost the output.


 

   
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