Volume of wheat purchased in Iran's Hamadan Province increases

Business Materials 1 September 2020 18:14
Volume of wheat purchased in Iran's Hamadan Province increases

BAKU, Azerbaijan, September 1

By Elnur Baghishov – Trend:

The volume of wheat purchased from farmers in the Hamadan Province (western Iran) has increased by 8 percent from the beginning of the current harvesting season in Iran (April 4 to September 1), compared to the same period of the last Iranian year, said Masoud Bokai, Director General of Government Trading Corporation (GTC) of Iran’s branch in Hamadan Province, Trend reports citing the corporation’s portal.

Bokai emphasized that 443,495 tons of wheat have been purchased in Hamadan Province, so far. However, 406,733 tons of wheat were purchased in the same period last Iranian year.

The director-general added that the value of purchased wheat was more than 11 trillion rials (about $263 million).

Bokai noted that 9.19 trillion rials (about $218 million) has been paid to farmers, so far. This is 83 percent of the value of purchased wheat.

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.

Several products, including wheat, tea, rice, and other products are purchased from farmers by a state company under a guarantee in Iran.