Oilcrops, Oil Equivalent, Producer Price
Oilcrops, Oil Equivalent, Producer Price
Related_Laws
Laws related to this measure. Correlation = how closely this law tracks this measure's story. Expected causation = how strongly we would expect it to have moved the line. Neither is a claim of proof.
1979CorrelationExpected causationAct on the Exemption of Vegetable Oil from Customs Duty, with Subsequent Amendments
Passed in 1979, this law exempts imports of vegetable oil, used as a raw material for edible oil production, from customs duty.
Why this link: The exemption removes a cost component from imported oil-equivalent products, a real channel to domestic oilcrop/oil prices even though it is one of several price determinants.
Caveat: International commodity prices are the dominant driver of this series; the exemption is a secondary, cost-side factor.
Lag: Within 1 year.1980CorrelationExpected causationLegal Bill Adding a Note to the Legal Bill on Customs Duty Exemption for Vegetable Oil, Approved 11/7/1358 (October 3, 1979)
A legal bill adding a note to an earlier legal bill that exempted vegetable oil from customs duties, approved October 3, 1979.
Why this link: Adds a customs-duty exemption clause specifically for vegetable oil imports, a direct, named channel lowering the landed cost of an imported food staple and thereby its domestic price and trade volume.
Caveat: Vegetable-oil prices and trade in this period were dominated by post-revolution currency controls, rationing and global commodity prices, so the exemption's own contribution cannot be cleanly separated from those larger forces.
1980CorrelationExpected causationBill Adding a Note as Note 2 to the Bill Exempting Vegetable Oil from Customs Duty
Passed in 1980 by the Revolutionary Council, this bill extends the existing customs-duty exemption on vegetable oil to soybean oil imported by the state-owned Trade Services Expansion Company.
Why this link: Lower import duty on vegetable oil has a real, named channel to the domestic price of oil-equivalent oilcrops, a substitute and input good in the same market.
Caveat: Domestic oilcrop prices are also shaped by domestic harvests, world oilseed prices and broader wartime price controls, so the exemption's specific price effect cannot be isolated.
1989CorrelationExpected causationGuaranteed Purchase of Essential Agricultural Products Act
Passed in 1989, this law requires the government to guarantee and announce a minimum purchase price each farming year for staple agricultural products such as wheat, rice, barley, cotton and oilseeds, later extended to raisins, dates, citrus and livestock products, in order to support farm incomes and stabilize production.
Why this link: The framework law's stated scope covers 'basic agricultural products' broadly, giving it a diffuse relevance across the wider agricultural price domain beyond the specific crops directly covered in practice.
Caveat: In practice only a handful of strategic crops (mainly wheat) receive binding guaranteed prices each year; most items in this broad price category are unaffected.
Lag: Variable.2001CorrelationExpected causationRuling No. 64 of the General Board of the Administrative Court of Justice Voiding Clause 6 of the Economic Council's Resolution of 1999/03/12 and the Related Decision Stated in Letter No. 1769/34 of the Plan and Budget Organization, Concerning the Reduction of the Vegetable Oil Purchase Price
Issued in 2001, this ruling voided an Economic Council decision that had retroactively cut the price the government paid factories for vegetable oil, from 2,854 to 2,780 rials per kilogram, holding that retroactively reducing a price after factories had already booked revenue and paid tax on the higher rate was unlawful.
Why this link: This 2001 Administrative Court of Justice ruling directly struck down a budget-law provision reducing the guaranteed purchase price of vegetable oil, an explicit price-control instrument targeting exactly this measure.
Caveat: This is a single administrative ruling reversing one budget clause in one year, not a sustained pricing program, so its isolable footprint in the annual FAO price series is limited to that year and may be swamped by broader agricultural-price inflation.
Lag: Immediate, within the fiscal year of the ruling.2005CorrelationExpected causationAct Adding Two Notes to the Guaranteed Purchase of Essential Agricultural Products Act of 1989
Passed in 2005, this law amends the 1989 Guaranteed Purchase of Essential Agricultural Products Act by requiring the government to raise the guaranteed purchase price of staple crops each farming year by at least the rate of inflation reported by the Central Bank, applied retroactively to the 2004-2005 crop year.
Why this link: The guaranteed-purchase-price regime this law amends covers all 'basic' agricultural crops, not just wheat, so it shapes producer prices across the guaranteed-purchase basket.
Caveat: Coverage and the specific crops included in the guaranteed-purchase list vary by year and are set by separate annual government decisions, so the link to any single crop's price series is indirect.
Lag: Within the same crop year