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Farmers in Iran's Khuzestan Province sell all rapeseed to state company

Business Materials 25 June 2020 14:49 (UTC +04:00)

BAKU, Azerbaijan, June 25

By Elnur Baghishov –Trend:

The purchase of rapeseed has been completed in the Khuzestan Province (southwestern Iran), Director of Government Trading Corporation of Iran’s branch in Khuzestan Province Omid Jahannejadian, Trend reports citing the corporation.

The director noted that in total, more than 67,000 tons of rapeseed has purchased from farmers in Khuzestan Province. Purchases of rapeseed increased by 49 percent compared to the last Iranian year.

Jahannejadian added that the value of the rapeseed purchased is more than 3 trillion rials (about $71.5 million).

“Khuzestan Province is increasing production in other sectors as well, including oil, gas, electricity, petrochemicals, steel and additional agriculture,” he said.

The price of rapeseed to be purchased from farmers in the current planting year is set at 46,600 rials (about $1.1) per kilogram. 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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