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Onion prices quintuple in Iran

2 May 2019 - 13:58


Financial Tribune - The retail price of onions in the month ending April 20 increased by 459.5% compared with the same period of last year.

A kilogram of onions was sold at 110,872 rials (77 cents) to register the highest year-on-year price rise for a food item during the month, the Statistical Center of Iran reported.

In the first Iranian month (March 21-April 20), prices of onions posted an increase of 143.3% compared with the previous month

In a bid to contain runaway prices of onion, the Ministry of Industries, Mining and Trade banned the export of onions as of April 4, in a directive sent to the Islamic Republic of Iran's Customs Administration.


Story Code: 347408

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https://www.theiranproject.com/en/news/347408/onion-prices-quintuple-in-iran

The Iran Project
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