Why did the Iranian chicken cross the border? Perhaps because Iranian customs officials have announced that export duties on chicken exports have been abolished until May 21, according to Mehr News Agency.
Usually a closely guarded domestic industry, Iran’s chicken production sector saw a 50% decline in consumption in recent weeks as moves made to curtail the spread of the coronavirus (COVID-19) pandemic knocked chicken meal restaurant orders out of the picture.
The industry has also been hit by negative media surrounding its over-production. One video released recently on Iranian social networks showed the culling of thousands of chicks. The Iranian Ministry of Intelligence has launched an investigation.
Ordinarily, Iranian poultry producers rear some 125mn chicks per month for the "day-old" sector, but lately some 50-60mn chicks and chickens have proved surplus to requirements, with demand far below supply.
The removal of the tariff should help producers offset some losses with exports and at the same time earn some foreign currency for Iran.
Related Articles
Iran’s Bank Mellat records 45% to 59% growth in revenue and deposits
Bank Mellat achieved record growth of 42% to 59% in key performance indicators during the first five months of 2025, setting new records in Iran's banking system, Banker reported on September 7. ... ... more
US sanctions Indian petchem traders over Iran deals
The US Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned six Indian companies for their involvement in trading petrochemicals produced in Iran, according to a report released by ... more
Iran's Sina Bank to launch Green Bank neobank powered by artificial intelligence
Iran’s private Sina Bank will launch an advanced artificial intelligence-powered neobank called Green Bank, Chief Executive Dr Ali Abdali announced, ANA reported on September 4. The neobank has ... more
Most Read
-
Renewable capacity growth is faster than ever, but more acceleration needed to meet Paris 2030 goal, says IEA
1 year ago
-
Kyrgyzstan abandons attempt to rescue Russian climber trapped on icy summit of country’s highest mountain
20 days ago
-
BERTRAND: China after Communism, preparing for a post-CCP China
1 month ago
-
UKRAINE REMONT: The battle to build: signs of recovery in Ukraine's construction industry
5 months ago