Borders are closed
Traders report that the exporters are feeling the full impact of the virus. Commercial trucks from Iran are not permitted to pass the borders to many neighbouring countries. Many countries have, in addition, prevented Iranian cargo ships from entering their ports. Customs data shows that subdued demand in China and East Asia coupled with the spread of the coronavirus in Iran have driven down exports markedly since January.
While the Iranian New Year celebrations normally cause prices in the domestic market to rise, the situation is entirel