Timely provision of the foreign currency

Currently, the allocation of foreign currency for the import of livestock inputs is delayed by five months, which has created many problems for the importers, and they have no choice but to continue their activities, albeit with difficulty.

In this situation, importers must use their financial resources to import and supply it, then stand in the queue for currency allocation for several months without taking any specific order. In this way, the turnover of importers, which should happen at least 4 times a year, has been reduced to 2 times a year and this issue has resulted in a huge financial cost for importers, and in the last two years, most importers have faced financial losses.

Soybean seeds and meal are among the goods that have high prices in the world markets and their supply place is specifically through Latin America and South America. Based on this, due to the fact that the purchase of these shipments is a significant amount in terms of price and has a high exchange rate, mainly small and medium importers are not able to do it unless they jointly buy and import cargoes. The main buyers of these shipments are the large importers, whose number is limited.

On the other hand, another major consumer of seeds is the oil factories, whose number is limited, and this group has a contract with specific importers who provide their needs through them. Therefore, the inclusion of soybeans and soybean meal in the petroleum barter list is definitely in the country’s favor and good, because through this, the necessary currency to meet the needs of domestic producers of livestock and poultry and oil extraction or oil refining industries can be provided in a timely and easier way.