Double growth of supply of basic commodities this year
According to Iran EconomistThe central bank, in response to the report of Duniya Ekhtaz newspaper on May 24 with the title “Ceiling of import of food inputs has been reduced/ staple of import of food inputs”, explained: In line with the provision of basic goods needed by the country this year, with the coordination of the Ministry of Jihad and Agriculture and under the agreements Since the beginning of the year, more than 2.5 billion dollars have been provided for the import of wheat, corn, barley, soybean meal, oilseeds and oil, rice, fertilizer, etc. at the approved rate, which is more than It is twice the amount of foreign currency provided for the goods in the same time period as last year, which is provided in accordance with the announcement of priorities by the Ministry of Jihad and Agriculture, and the process of providing foreign currency continues.
According to the estimate of the global price of basic goods, we will face a price decrease in the coming year, which, in addition to the forecast of improvement in conditions and a proportional increase in agricultural production, will lead to a reduction in the country’s import needs and foreign exchange expenses in this field. Last year, from April to March 24, for the registration of orders of the Ministry of Agricultural Jihad (including corn products, soybean meal, oil, barley, wheat, oilseeds, rice, meat, etc.), equivalent to 16 billion dollars of foreign exchange was provided, which indicates that There is a 28% increase in the supply of foreign currency required for imports in this area compared to the same period last year. Accordingly, in the last three months of last year, more than 4.2 billion dollars were allocated for the registration of the orders of the Ministry of Jihad and Agriculture.
In addition, last year until May 20th, 13 billion 350 million dollars were allocated and 5 billion 944 million dollars were provided, while this year, 13 billion 864 million dollars were allocated and 7 billion 281 million dollars. Currency has been provided; Therefore, the supply of foreign exchange this year has increased by one billion and 300 million dollars compared to the same period last year