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Volume of wheat purchased from farmers in Iran's Ardabil Province disclosed

Business Materials 12 August 2020 17:20 (UTC +04:00)
Volume of wheat purchased from farmers in Iran's Ardabil Province disclosed

BAKU, Azerbaijan, August 12

By Elnur Baghishov – Trend:

As much as 205,197 tons of wheat has been purchased from farmers in the Ardabil Province (northwestern Iran) since June 6 to August 12, director of Government Trading Corporation (GTC) of Iran’s branch in Ardabil Province Ali Nobakht said, Trend reports citing the corporation’s website.

The director emphasized that the total value of wheat purchased from farmers was more than 5.15 trillion rials (about $122 million).

Nobakht added that to date, 2.18 trillion rials (about $51.9 million) has been paid to the farmers.

According to Nobakht, so far, 4,919 tons of rapeseed has been purchased from farmers in Ardabil Province. The value of the rapeseed purchased was more than 229 billion rials (about $5.45 million).

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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