Oils and Fats in Iran - New Market Research Report
Although oils and fats was dominated by domestic suppliers in 2013, these manufacturers remained totally dependent on importation of their raw materials. After sudden devaluation of the Iranian currency in 2012, manufacturers had to increase their unit prices due to an increase in the cost of imported raw materials. This increase which happened in several stages over 2013 resulted in a slowdown in total volume growth as consumers became more cautious in terms of consumption.
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