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Iran reveals purchase of wheat in two provinces

Business Materials 8 September 2020 21:01 (UTC +04:00)
Iran reveals purchase of wheat in two provinces

BAKU, Azerbaijan, September 8

By Elnur Baghishov – Trend:

The volume of wheat purchased from farmers increased 16 percent in the East Azerbaijan Province (northwestern Iran) and decreased 12.8 percent in the West Azerbaijan Province (northwestern Iran) in the current harvesting year in Iran, compared to the last harvesting year, Trend reports citing the Government Trading Corporation of Iran’s official website.

According to the report, 219,000 tons of wheat were purchased from farmers in the East Azerbaijan Province in the last harvesting year. This figure exceeded 255,000 tons in the current harvesting year.

"While in the West Azerbaijan Province 339,000 tons of wheat was purchased from farmers in the last harvesting year. However, 289,000 tons of wheat has been purchased in the current harvesting year in Iran," the report said.

According to the report, in general, the purchase of wheat in terms of volume increased in 19 provinces of Iran but decreased in 12 provinces.

Iran's East and West Azerbaijan provinces are among the main provinces in Iran's wheat supply.

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.

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