Iran Economy in Brief – No. 28

Shrimp cultivation in Chabahar

In 2014, total shrimp farming production of Iran reached 22500 tones, says FAO. Shrimping in the Persian Gulf by Iranian trawlers was nearly 8600 tones.

In Sistan and Baluchistan province, located on the border with Pakistan and Afghanistan, Shrimp farmers complain about too little protection from the Government.

Last year 300 tons of Shrimp were farmed in 200 hectares in Chabahar, but new insurance regulations discourage investors from growing the farms.

Also the unfamiliarity of Chinese investors over the past years with the region made a disappointing outcome.

Read more here


Source: FAO, Sistan Shrimp Syndicate

Saudi market worth $3.3 million

Cutting out Saudi Arabia from Saffron export destination, Iran has earned $3.3 million less over the first two months of the new Iranian fiscal year compared to a similar period last year.

In the past two months, Iran has exported 25.5 tons of Saffron, worth $37.4 million. First top three destinations are: United Arab Emirates, 11 tones ($18.6 million); Spain, 6.7 tones ($8.3 million); China, 2 tones ($3.3 million).

Latest conflicts between Iran and Saudi Arabia have influenced the trade between the two countries and since March 2016, Iran does not export Saffron to this destination anymore.

With 250 tones production of Saffron, Iran produces nearly 96% of the total Saffron in the world.

Source: Customs Administration office of Iran

At least manage what is left: Water problems in Iran

The less water we have, the more credible modern water management equipment becomes; About $900 million is the credit the Ministry of Jihad of Agriculture announces for implementation of such programs until March 2017.

Iranian EPCs due to lack of financing and new technologies are currently unable to take large projects into consideration.

Nearly 90% of the water consumption in Iran is for agricultural purposes. Climate change, lack of effective water and resource management, traditional and inefficient agricultural methods increase the water problem in the country.

Renewable internal freshwater resources per capita in Iran in 2015 has been 1644 m3, this figure in 1982 was 3070 m3.

Source: Ministry of Jihad Agriculture, World Bank Database