(MENAFN- Trend News Agency ) Tehran, Iran, May 27
By Kamyar Eghbalnejad - Trend:
The Iranian deputy agriculture minister for livestock affairs said the Agriculture Ministry has banned livestock exports in a bid to balance the market.
Morteza Rezaei said the government has placed restrictions on exports of livestock due to a rise in livestock prices in the domestic market, ISNA reported.
"The ban came into effect last week in an attempt to control the red meat market," he said.
Rezaei added that the move could also play a key role in preventing smuggling of livestock.
Iranian officials say the country's annual agricultural output stands at 120 million tons, worth at $80 million. The figure includes 82 million tons of crops, 20 million tons of horticultural products, 14 million tons of livestock, and over one million tons of fishery products.
Iran's exports of livestock over the first 11 months of the last fiscal year (ended March 21) grew by 16.1 percent to hit 606,000 tons.
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