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Volume of wheat purchased in Iran's Markazi Province increases

Business Materials 28 July 2020 14:31 (UTC +04:00)
Volume of wheat purchased in Iran's Markazi Province increases

BAKU, Azerbaijan, July 28

By Elnur Baghishov – Trend:

The volume of wheat purchased from farmers in the Markazi Province of Iran has increased by 25 percent from the beginning of current Iranian year (March 20, 2020) to date on July 28 compared to the same period last Iranian year, said Gholamreza Maleki, director for Government Trading Corporation (GTC) of Iran’s branch in Markazi Province, Trend reports citing the corporation’s website.

The director emphasized that so far, more than 237,000 tons of wheat has been purchased in the province.

The director added that the total value of purchased wheat is 5.84 trillion rials (about $139 million), and farmers have been paid 2.76 trillion rials (about $65.7 million), so far.

“Also, 1,150 tons of rapeseed has been purchased in the Markazi Province, so far,” 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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