Iran declares volume of wheat purchased in Isfahan Province

Business Materials 19 July 2020 18:15 (UTC +04:00)
Iran declares volume of wheat purchased in Isfahan Province

BAKU, Azerbaijan, July 19

By Elnur Baghishov – Trend:

More than 90,500 tons of wheat has been purchased from farmers in the Isfahan Province (central Iran) from the beginning of the third month of the current Iranian year (May 21-June 20, 2020) to date on July 19, Director of Government Trading Corporation (GTC) of Iran’s branch in Isfahan Province Mahmoud Ebrahimi said, Trend reports citing the corporation’s official website.

According to Ebrahimi, the value of purchased wheat was more than 2.28 trillion rials (about $54.3 million).

Ebrahimi added that so far, 1.97 trillion rials (about $46.9 million) has been paid to farmers.

The director emphasized that the purchase of wheat from farmers will continue until the end of 6th month of current Iranian year (September 21).

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.