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Equalization of working capital of rice importers

Mr. Majidreza Khaki, Secretary of the Iranian Rice Importers Association

In addition to directly increasing the cost of imports, the exchange rate change has also increased the need for working capital in the same proportion. In other words, to continue importing rice, rice producers are forced to raise capital that is almost five times higher than before, which places additional financial pressure on importers.

On the other hand, one of the main issues is the non-payment of outstanding foreign exchange related to rice imports since February last year. A significant portion of the rice imported at that time has long been in the consumption cycle, but the foreign exchange has not yet been paid to the importers. This delay has hindered economic operators from fulfilling their obligations to foreign suppliers and disrupted the flow of goods.

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