U.S. Sanctions Impact Lecithin Trade with Iran
Recent U.S. sanctions on Iran have tightened restrictions on various agricultural derivatives, including lecithin derived from non-genetically modified rapeseed. Trade channels for this product (HS Code: 2923.20.20) have been significantly disrupted.
2023-10-15
Impact: The sanctions have led to a near-complete halt in lecithin exports to Iran, affecting U.S. exporters and increasing costs for Iranian importers seeking alternative suppliers.
Iran Seeks Alternative Lecithin Suppliers Amid U.S. Restrictions
Due to ongoing U.S. trade restrictions, Iran has begun exploring alternative sources for lecithin (CAS No. 8002-43-5) from countries like India and China, reducing reliance on U.S. markets.
2023-09-20
Impact: This shift is likely to decrease U.S. market share in Iran's lecithin imports, potentially leading to long-term trade diversion.
U.S.-Iran Trade Tensions Affect Lecithin Market
Escalating geopolitical tensions between the U.S. and Iran have further complicated the trade of niche products like non-GMO rapeseed lecithin, with exporters facing increased scrutiny and compliance costs.
2023-08-05
Impact: Trade volumes have declined, with U.S. exporters reporting delays and cancellations of shipments to Iran due to regulatory challenges.
