Dried Fruit

Dates: regulations may spell disaster

December 17, 2020 11:31 AM, Der AUDITOR
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TEHRAN. Prospects are highly encouraging in Iran’s date market as exports are flourishing. Suppliers are intent on making up for losses in profits due to high production costs. Everything now hinges on the Central Bank. If suppliers are forced to enter foreign currencies into the Forex Management Integrated System (NIMA), the market will receive a heavy blow.

Exports are up

Producers are highly satisfied with the harvest in Iran’s Bushehr province. Conditions were more favourable than in recent years and production is of high quality. The province normally produces around 110,000 mt of dates, of which 35% are exported. Cold storage facilities are essential for marketing dates all year round. While cold storage facilities ranged at 15,000 mt in 2014, they have now quadrupled to 63,000 mt and a further 8,000 mt are to be added by the end of March. The province can currently process and package 100,000 mt.

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