Strong demand for quality agricultural technology
Iranian imports of agricultural technology have grown by 15.8% annually over the past five years.
The Iranian market for agricultural technology thus ranks among the TOP 2 in the Middle East, in line with Saudi Arabia.
According to VDMA – the German Engineering Association, Iranian imports of agricultural machinery and equipment amounted to Euro 124 million in 2016.
Iranian imports of agricultural machinery and equipment (in million Euro)
Source: VDMA / Graph: fairtrade 2017
Monday, August 24, 2015
Agribusiness to Prosper Post-Sanctions
The latest report by Business Monitor International on Iran’s agribusiness sector predicts an increase in agricultural production in the coming years as a result of the landmark nuclear agreement reached between Iran and six major world powers in Vienna last month. It will pave the way for a return to economic growth and strong uptick in foreign investment.
The industry analysis group forecasts wheat production to increase at an average rate of 6.1% to 15 million tons by the Iranian year 2018/19, owing to modernization of technology, including hardier grains variants, greater access to relevant inputs and a larger area of the country benefiting from new irrigation facilities. Corn output will record similar growth, while barley production is predicted to rise at a faster pace …