Iran’s medicinal plant exports reach $570m last year

Financial Tribune – Iran exported $570 million worth of medicinal plants during the last fiscal year (ended March 20, 2019) to register an increase of $120 million compared to the year before, an official with the Agriculture Ministry said.

Hossein Zeinali added that 206,000 hectares are under medicinal plant cultivation in Iran, producing 675,000 tons annually, IRNA reported.

He expects the exports to reach $700 million this year (March 2019-20).

Iran is home to about 8,500 species of medicinal herbs.

According to Zeinali, the area under cultivation of medicinal plants will increase to 280,000 hectares by the fiscal 2021-22.