Iran reveals volume of wheat purchased in Ardabil Province

Business Materials 13 September 2020 21:17 (UTC +04:00)
Iran reveals volume of wheat purchased in Ardabil Province

BAKU, Azerbaijan, September 13

By Elnur Baghishov – Trend:

As many as 213,000 tons of wheat has been purchased from farmers in Ardabil Province (northwestern Iran) from the beginning of the current wheat harvesting season in Iran (April 4) to September 11, Director General of Government Trading Corporation (GTC) of Iran’s branch in Ardabil Province Ali Nobakht said, Trend reports citing the corporation’s website.

The director general stressed that the volume of purchased wheat increased by 8 percent compared to the same period last Iranian year.

Nobakht added that 96 percent of the value of purchased wheat in the province was paid to farmers.

"Until two years ago, the wheat consumption of Ardabil Province was provided by other provinces of Iran, and thus, about 200,000 tons of wheat were imported to Ardabil Province," 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), 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.