Volume of wheat purchased in Iran increases
BAKU, Azerbaijan, August 10
By Elnur Baghishov – Trend:
The volume of wheat purchased from farmers in Iran from the beginning of harvesting season April 4 to August 9 increased by 7 percent compared to the same period last Iranian year, Deputy Minister of Industry, Mine and Trade and the CEO of Government Trading Corporation of Iran Yazdan Seif said, Trend reports citing the ministry.
According to the CEO, more than 7.59 million tons of wheat has been purchased from farmers, so far.
Seif added that so far, 172.7 trillion rials (about $4.11 billion) has been paid to farmers. This means that 93 percent of the value of purchased wheat was paid to farmers.
"In total, the value of wheat purchased from farmers is more than 190 trillion rials (about $4.52 billion)," he said.
The deputy minister noted that 263,000 tons of rapeseed worth 118 trillion rials (about $2.81 billion) has been purchased from farmers in Iran, so far.
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.