Min­istry: Eight-month medic­i­nal plant ex­ports fetched $300m

Iran Daily - - Domestic Economy -

Iran ex­ported medic­i­nal plants worth $300 mil­lion dur­ing March 21-Novem­ber 21, 2018, said an of­fi­cial of the Ira­nian Min­istry of Agri­cul­tural Ji­had on Mon­day.

Hos­sein Zeinali, the man­ager of the min­istry’s na­tional plan for pro­duc­tion of medic­i­nal plants, added in case suf­fi­cient in­vest­ment is made in the sec­tor, Iran will turn into the Mid­dle East’s top ex­porter of medic­i­nal herbs in two years’ time, IRNA re­ported.

“Iran has the ca­pa­bil­ity to in­crease pro­duc­tion in this sec­tor. The coun­try, how­ever, is re­quired to draft a strate­gic and prac­ti­cal plan to achieve it. Suf­fi­cient fund should be made avail­able to pre­pare such a plan and over­see its im­ple­men­ta­tion ef­fec­tively.”

He noted the es­ti­mates show that Iran has the ca­pac­ity to meet 85 per­cent of domestic need, adding plans have been drawn up to sup­ply 75 per­cent of the Ira­nian mar­ket’s de­mand for such plants do­mes­ti­cally in the year to March 2020.

Turn­ing to Iran’s saf­fron ex­ports dur­ing March-novem­ber 2018, Zeinali said the coun­try sold $252 mil­lion worth of the prod­uct in for­eign mar­kets dur­ing this pe­riod.

He said at present, Iran’s an­nual ex­ports and im­ports of medic­i­nal plants stand at $450 mil­lion and $150 mil­lion, re­spec­tively, adding the trade bal­ance is 300 per­cent in the fa­vor of the coun­try.

Newspapers in English

Newspapers from Iran

© PressReader. All rights reserved.