Title: Market Stability Achieved as Lentil Prices Steady, Government Policies Ensure Supply
A Respite for Consumers
In a positive development for the national market, the price of lentils and other essential legumes has stabilized, bringing a measure of relief to consumers. According to Reza Kangari, Head of the Foodstuff Wholesalers Union, the supply chain for various pulses, including chickpeas, lentils, and beans—particularly the domestic pinto bean—is fully secured with no existing shortages in the country.
Navigating Economic Factors
Addressing the broader economic context, Kangari acknowledged that currency fluctuations inevitably impact commodity prices. However, he highlighted a significant period of stability, noting, “Over the past three weeks, the price of pulses in the market has not experienced any volatility.” This steadiness is a direct outcome of coordinated efforts to manage the market effectively.
Domestic Production and Strategic Imports
Detailing the current market structure, Kangari clarified that domestic pinto bean is available at wholesale for between 340,000 to 360,000 Tomans per kilogram, while the imported variety is priced between 270,000 to 280,000 Tomans. He emphasized that there are no issues with the supply of pinto beans in the market. To ensure transparency for economic actors, the Wholesalers Union updates and publishes a comprehensive list of prices for all essential goods on its website twice a month.
A Coordinated Economic Approach
The official further explained that 35 percent of the country’s legumes are sourced through imports, a strategic measure that supplements domestic production. He suggested that in the absence of currency market fluctuations, prices could see an even greater reduction. This multi-pronged strategy, combining robust domestic production with managed imports, underscores the commitment to maintaining market equilibrium and ensuring the steady availability of essential food items for all citizens.