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general of the Government Trading Corporation’s commercial services department.
The remaining 1 million tonnes should be imported by May 20, Hassan Nejad-Fallah was also quoted as saying.
Why did the Iranian chicken cross the border? Perhaps because Iranian customs officials have announced that export duties on chicken exports have been abolished until May 21, according to Mehr News Agency. Usually a closely guarded domestic industry, Iran’s chicken production sector saw a 50% decline in consumption in recent weeks as moves made to curtail the spread of the coronavirus (COVID-19) pandemic knocked chicken meal restaurant orders out of the picture.
The industry has also been hit by negative media surrounding its over-production. One video released recently on Iranian social networks showed the culling of thousands of chicks. The Iranian Ministry of Intelligence has launched an investigation.
Ordinarily, Iranian poultry producers rear some 125mn chicks per month for the "day-old" sector, but lately some 50-60mn chicks and chickens have proved surplus to requirements, with demand far below supply.
The removal of the tariff should help producers offset some losses with exports and at the same time earn some foreign currency for Iran.
9.1.10Construction & property sector news
The sale of several properties owned by the Iranian state in Albania, Uzbekistan and Tajikistan has been proposed in a letter sent to the Rouhani cabinet by Iran’s foreign ministry, according to details published byCabinetoffice.ir.
The properties include apartments, embassy buildings and land. Some of the properties are said to be in the way of redevelopment plans drawn up by the host cities. Unofficially, however, social media users are pointing to the empty coffers of the foreign ministry as the real reason for the sales appetite, with Iran struggling economically given the US sanctions throttling its economy. According to the foreign ministry, two buildings belonging to the Iranian embassy in Tashkent, Uzbekistan are within the scope of the city’s ‘urban development plan’. Also, a piece of land belonging to the Iranian embassy in Tirana, Albania, initially purchased for the construction of the embassy's residence, is said to be unsuitable for the purpose, while five apartments owned by Iran’s mission in Dushanbe, Tajikistan, are on the ministry's for sale list.
Iran has dozens of embassies globally, with the vast majority of prime properties purchased during the time of the last Shah prior to the 1979 Islamic Revolution.
In recent years, Iran has sought to offload properties including valuable assets in London's Kensington district, where a proposed futuristic-looking Iranian embassy was rejected by planners and objected to by Prince Charles. Americans claiming to be victims of Iranian state-sponsored terrorism—with such claims typically made in the US courts even when the terrorist atrocity has no provable direct relation to Iran—have also sought to achieve the sale of Iranian state-owned properties abroad. US plaintiffs have attempted to obtain legal orders making them cashable assets from which compensation payments can be drawn.
The average price for a square metre of a residential unit in Tehran stood
45 IRAN Country Report May 2020 www.intellinews.com