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Volume of wheat purchased in Iran's Fars province increases

Business Materials 30 May 2020 16:34 (UTC +04:00)
Volume of wheat purchased in Iran's Fars province increases

BAKU, Azerbaijan, May 30

By Elnur Baghishov – Trend:

More than 254,000 tons of wheat were purchased from farmers in Fars Province (southern Iran) from April 4 to May 28, 2020, Director of Fars Province’s Agricultural Department Mohammad Mehdi Ghasemi told Trend.

According to Ghasemi, this figure shows an increase of 33 percent compared to the same period last Iranian year.

Ghasemi added that the value of the purchased wheat was 6.5 trillion rials (about $154 million), and about 95 percent of these funds were paid to farmers.

The official said that as of May 28, more than 13,000 tons of rapeseed were purchased from farmers in the region and the volume of purchased rapeseed increased by 59 percent compared to the same period last year.

The director said that the value of the rapeseed purchased was 625 billion rials (about $14.8 million) and about 80 percent of these funds were paid to farmers.

The price of ordinary wheat to be purchased from farmers in the current planting year is set between 25,000 rials (about 59 cents) and 26,000 rials (about 61 cents) per kilogram of durum wheat in the current Iranian year.

A number of products, including wheat, tea, rice and other products, are purchased from farmers by a state company under a guarantee in Iran.

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