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All tagged food
◢ More than a dozen cargo ships carrying agricultural commodities are spending weeks anchored off the coast of Iran as importers are delayed in making payments. With supplies of soybeans and maize restricted and demurrage costs incurred when cargoes do finally make it to shore, the delays are having a significant impact on Iran’s economy.
◢ The second and final sanctions deadline of November 4 is drawing near. After this date, unilateral US sanctions on Iran’s financial sector will once again come into force. According to Iranian bankers and government officials, this could mean that Iran struggles to import humanitarian goods, including basic foodstuffs, despite longstanding exemptions for trade in these goods.
◢ In the years when Iran was under broad international sanctions, the country saw shortages in key foodstuffs and life-saving medicines. Despite attestations to the contrary, international sanctions hurt the Iranian people in cruel ways. As Iranians prepare for the return of U.S. sanctions, concerning ambiguity in OFAC’s new sanctions guidance may undermine the longstanding exemptions for humanitarian trade and the carve-outs for the Iranian banks which facilitate these sales.
◢ Keshmoon, an Iranian startup, connects carefully selected saffron farmers engaged in sustainable agriculture with premium consumers. The company has recently gained acclaim for its combination of ecommerce and "agritech" solutions.
◢ Starting with an initial cohort of 30 farmers in the town of Qaen in Khorasan Province, Keshmoon is encouraging a move to sustainable agriculture. The goal is to reduce water usage through means that also help the farmers improve their livelihoods.
◢ The arrival of Telepizza, a global fast-food brand, is a significant development for Iran's food service sector.
◢ The terms of the master franchise keep economic dividends in Iranian hands, and the new entrant will likely spur new investment and improvements in offerings across the sector.
