Nuts

Pistachios: China bars creative export strategy

March 2, 2022 10:06 AM, Der AUDITOR
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TEHRAN/WASHINGTON, D.C. Due to the slump in pistachio production exports are going anything but well for suppliers in Iran. Demand for pistachios also failed to meet expectations in the run up to the Lunar New Year in China. These are, however, not the only problems as China has also introduced new customs regulations for nuts and dried fruit that put Iran’s exporters in a difficult financial position.

New rules and scandal

New regulations concerning the registration procedures for overseas manufactures of imported food became effective on 1 January. Suppliers are now required to provide more details on their products as China has imposed a stricter regulatory environment for food imports and exports, which spells disaster for Iran’s pistachio exporters. They rely on intermediary countries to ship their nuts to China as the sanctions render it extremely difficult for them to return foreign currencies to their country. These intermediary suppliers are now, ho

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