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Iran declares volume of wheat and rapeseed purchased in Fars Province

Business Materials 20 July 2020 17:07 (UTC +04:00)
Iran declares volume of wheat and rapeseed purchased in Fars Province

BAKU, Azerbaijan, July 20

By Elnur Baghishov – Trend:

More than 805,000 tons of wheat has been purchased from farmers in the Fars Province (southern Iran) from the beginning of the current Iranian year (March 20, 2020) to July 19, Director of Government Trade Corporation (GTC) of Iran’s branch in Fars Province Latif Rastad said, Trend reports citing the corporation’s website.

According to Rastad, 1,630 tons of purchased wheat is the durum, and the rest is ordinary wheat.

Rastad added that the volume of purchased wheat increased by 48 percent compared to the same period of the ast Iranian year.

Rastad ted that at the same time, 22,400 tons of rapeseed has been purchased from farmers so far.

Rastad emphasized that the volume of purchased rapeseed increased by 19 percent compared to the same period last Iranian year.

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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