Currency Allocation and Challenges in Rice Importation to Iran: Insights from KRBL India Representative

The issue of currency allocation is one of the problems of importing rice to the country. According to the limit of currency allocation, it takes about 6 to 8 months for the importer to receive his currency and pay the seller’s money. In this situation, we see a competitive advantage for importers who can import rice on credit.

Currently, due to the non-identification of some rice varieties by the Ministry of Agricultural Jihad, the Food and Drug and Standard Organizations, it is not possible to place an order for some rice varieties. In such a way that currency is not allocated to these types of rice or that it is not possible to get product ID for it. For example, semi-cooked 1509 rice or 1718 rice, which is imported to Iran a lot, is included in the group of these types of rice.

Therefore, it is necessary to make it possible to place orders for different types of rice, not that all orders should be 1121. Because this type of rice variety is not available in the Indian market and farmers no longer cultivate this variety of rice.