TEHRAN, Iran, June.28
Trend:
About 70 percent of Iran's pasta and macaroni export is to Iraq and Afghanistan while due to lack of shipping lines caused by sanctions Iran has lost the market in African countries, said the consultant in Iran Macaroni Association.
"There is a problem in money and banking transaction between Iran and African and Asian countries due to sanctions and therefore a major part of Iran's export is being sent to Iraq, Afghanistan, and Pakistan where the transaction is done via rial based on USD rate," said Rasoul Mojdehshafagh, Trend reports citing ISNA.
"In recent years export costs for Africa increased and due to lack of shipping lines, macaroni should be sent to the Persian Gulf countries and then unloaded again, these conditions have caused us to lose the market share," he said.
"Another issue for exporters is to return export foreign currency revenue back to the country based on NIMA rate that is different from the free market rate that used by producers. The decline of foreign currency rate is another issue for exporters which leads to decline in interest since the costs of production increased," he added.
