Turkmenistan becomes a wheat exporting country

Business Materials 17 May 2019 13:08 (UTC +04:00)

Ashgabat, Turkmenistan, May 17

By Huseyn Hasanov – Trend:

Turkmenistan has become a wheat exporting country, Turkmen President Gurbanguly Berdimuhamedov said, Trend reports with reference to the Watan newspaper.

The Turkmen president was speaking during a working meeting on the development of the agriculture sector.

He focused on the relevance of using advanced scientific knowledge and modern technologies in the development of the domestic agricultural industry.

It was said that large-scale measures to ensure food abundance are being implemented in Turkmenistan, the report noted.

Traditionally, wheat harvesting begins in Turkmenistan in June. This year, it is planned to harvest 1.60 million tons of food grain from 760,000 hectares of land. For the wheat production, the state provides seeds, mineral fertilizers and means for combating agricultural pests on preferential terms.

In 2019, production costs for growing wheat will be 1,449.77 manats per hectare, but tenants will only refund 687.54 manats. Thus, more than half of the expenses of grain growers is subsidized by the state, the State News Agency of Turkmenistan reported earlier.

The official exchange rate of the Turkmen manat (TMM) to one US dollar remains at the level of 3.50 TMM since early 2015.