Volume of wheat purchased in Iran announced
BAKU, Azerbaijan, September 15
By Elnur Baghishov – Trend:
A total of 8.22 million tons of wheat was purchased from farmers in Iran from the beginning of the current wheat harvesting season in Iran April 4 to September 14, Deputy Minister of Industry, Mine and Trade and the CEO of Government Trading Corporation of Iran, Yazdan Seif said, Trend reports citing the corporation’s website.
The CEO stressed that the volume of wheat purchased from farmers in Iran in the current Iranian year increased by about 7 percent compared to the same period last Iranian year.
Seif added that so far, 207 trillion rials (about $4.93 billion) worth of wheat has been purchased from farmers.
"About 95 percent ie 196 trillion rials (about $4.66 billion) of the total value of purchased wheat was paid to the farmers, so far," he said.
The deputy minister noted that the volume of purchased wheat is estimated to reach 8.4 million tons. Thus, there will be an increase of 8-9 percent compared to the same period last Iranian year.
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.