Customs Clearance of Animal Feed Declines

EghtesadOnline: Over 8.59 million tons of animal feed were discharged from customs terminals in the eight months to Nov. 20, according to Rouhollah Latifi, the spokesman of the Islamic Republic of Iran Customs Administration.

News ID: ۷۵۱۶۲۷

04 December 2020

A total of 6.4 million tons of corn, 1.24 tons of barley and 945,915 tons of soybean meal were released from customs over the eight-month period, indicating a 2.7% decline year-on-year, he noted.

“When compared with last year’s same period, 886,766 tons or 16% more of corn have been cleared from customs across the country whereas 908,000 tons or 34% less barley have been discharged. A total of 2.15 million tons of barley were discharged last year compared with 1.24 million this year,” he was quoted as saying by IRNA.

Noting that eight-month customs clearance of soybean meal stood at 1.16 million tons last year, the official said close to 946,000 tons of soybean meal have been discharged over the period, indicating a 19% decline year-on-year.

“Unlike what most officials assume, money transfer is a much bigger problem than the amount of foreign currency the government allocates. The transfer of foreign currencies other than the South Korean won, the Omani rial, the Iraqi dinar and the Pakistani rupee creates multiple challenges for importers,” Abolhassan Khalili, the head of Livestock and Poultry Feed Importers’ Union, was quoted as saying by IRIB News recently.

Khalili noted that the decline in import of animal feed products is indicative of the problems facing importers.