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Volume of wheat purchased in Iran's East Azerbaijan Province grows

Business Materials 2 September 2020 17:16 (UTC +04:00)
Volume of wheat purchased in Iran's East Azerbaijan Province grows

BAKU, Azerbaijan, September 2

By Elnur Baghishov – Trend:

The volume of wheat purchased from farmers in Iran’s East Azerbaijan Province increased by 16 percent from the beginning of the current wheat harvesting season in Iran April 4 to September 2 compared to the same period in the last Iranian year, Director-General of Government Trading Corporation (GTC) of Iran’s branch in East Azerbaijan Province, Esfandiar Abolhassanzadeh said, Trend reports citing the corporation’s official website.

The director-general stressed that so far, 260,000 tons of wheat has been purchased from farmers in the province.

Abolhassanzadeh added that the purchase of wheat in the province will be completed over the next two weeks.

“Additionally, 2,700 tons of rapeseed was purchased from farmers in the current Iranian year,” 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), 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.

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