Attractive prices in Iran
Exports normally pick in October once the new crop arrives. This year, the market has, however, received an additional boost. Iran shipped as much as 25,150 mt overseas between 22 September and 21 October. This is 147% up on the same period last year. Market players do not only attribute this rise to the arrival of the new crop but also to the US presidential elections.
As Donald Trump stepped up his rhetoric against Iran in the run up to the elections, the Iranian rial declined in value, thereby, enabling suppliers to offer highly