Rice imports will be permitted until July 22, 2018, IRNA said, citing the Ministry of Industry, Mine and Trade.

Iran’s government on Wednesday ended its seasonal import ban on rice which was imposed to support local prices during the harvest season, state news agency IRNA reported.

Rice imports will be permitted until July 22, 2018, IRNA said, citing the Ministry of Industry, Mine and Trade.

Since March 21 Iran has imported more than one million tonnes of rice but this will only get customs clearance when the harvest time is over, IRNA said, quoting the Customs Administration.

“The decision will be welcomed by rice exporters in Pakistan, India and Thailand as rising supplies need as many outlets as possible,” one European rice trader said. “There is often concern the seasonal ban might be extended.”

The Iranian government bans rice import annually with only a few months of break to support domestic products.

The Iranian government implements 26 percent customs duty for rice import.

The annual consumption of rice in Iran is three million tons and each Iranian averagely consumes about 38 kilograms of rice per year.

It appears that the high output of rice this year has caused confusion among the importers as about 1.8 million tons of rice was imported into the country. This is while the country’s total imports of rice over the last two years stood at 1.5 million tons.

According to Iran’s Customs Administration, the country imported $995 million worth of rice over the first half of the current year, indicating a surge of 109 percent in value terms.

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