Reduction in import rates to reduce domestic price volatility

摘要

Taking into consideration stakeholder feedback, import tariffs into Iran have been reduced. While this is notexpected to increase imports yet, it will certainly limit the volatility in the domestic market. Due to this, priceshave come down in Iran. However, prices in Saudi Arabia and UAE are holding steady. Trading conditionsin South Africa are expected to remain weak in Q4 due to difficult domestic conditions.