BAKU, Azerbaijan, August 24
By Elnur Baghishov – Trend:
About 6.7 trillion rials (about $159 million) has been paid to wheat farmers in Iran’s Markazi Province from May 30 to August 24, 2020, said Gholamreza Maleki, director for Government Trading Corporation (GTC) of Iran’s branch in Markazi Province, Trend reports citing the corporation’s website.
Maleki noted that so far, more than 320,000 tons of wheat worth 8.2 trillion rials (about $195 million) has been purchased from farmers in the Markazi Province.
He added that the purchase of wheat in the province will continue until the end of 5th month of current Iranian year (September 21).
The director general emphasized that a total of 400,000 tons of wheat was expected to be purchased.
Maleki said that the capacity of the province's grain warehouses was 200,000 tons seven years ago (the current government of Iran has been in power since 2013). However, at present, the capacity of grain warehouses in the province amounts 800,000 tons.
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.