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Economy

Iran Faces Soaring Lentil and Bean Prices Amid Economic Hardships

April 29, 2024
1 min read
The cost of lentils and white beans in Iran has skyrocketed in the past four months, with lentils jumping 71 per cent and white beans an astonishing 130 per cent
The cost of lentils and white beans in Iran has skyrocketed in the past four months, with lentils jumping 71 per cent and white beans an astonishing 130 per cent

The cost of lentils and white beans in Iran has skyrocketed in the past four months, with lentils jumping 71 per cent and white beans an astonishing 130 per cent.

Officials point to rising global prices and the activity of middlemen as key factors.

Prices have surged despite government subsidies for beans. However, officials claim that at least 20 million euros in allocated currency have not been paid to traders, further straining the market.

The Etemad newspaper recently captured growing public anxiety in an article titled "Rising Costs, Inflation, and Unemployment Strain Public Nerves, Don't Squeeze the People Further."

The article criticizes a lack of explicit action from authorities to address the economic hardship and rising social pressure on citizens.

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