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Iran discloses volume of wheat purchased in East Azerbaijan Province

Business Materials 12 July 2020 19:01
Iran discloses volume of wheat purchased in East Azerbaijan Province

BAKU, Azerbaijan, July 12

By Elnur Baghishov – Trend:

More than 35,800 tons of wheat has been purchased from farmers in the East Azerbaijan Province (northwestern Iran) so far, Director of Government Trading Corporation (GTC) of Iran’s branch in East Azerbaijan Province Esfandiar Abolhassanzadeh said, Trend reports citing the corporation’s official website.

According to him, the value of purchased wheat was more than 946.9 billion rials (about $22.5 million).

He added that the purchase of wheat in the East Azerbaijan Province began on June 11 and will last until mid-September.

The director predicted that 400,000 tons of wheat will be purchased in the province.

"So far, 2,210 tons of rapeseed has been purchased from farmers in the East Azerbaijan Province. The value of the purchased rapeseed was more than 99 billion rials (about $2.35 million),”he said.

The price of ordinary wheat to be purchased from farmers in the current planting year is set at 25,000 rials (about 59 cents), and of durum wheat - at 26,000 rials (about 61 cents) per kilogram in the current Iranian year (began March 20, 2020). The price of rapeseed 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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