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Iranian farmers to sign new contracts to sell wheat

Business Materials 14 October 2020 11:52 (UTC +04:00)
Iranian farmers to sign new contracts to sell wheat

TEHRAN, Iran, Oct.14

Trend:

Iran's association of pasta suppliers and manufacturers are to sign contracts with farmers to purchase durum wheat prior to planting, said an official with the association, Esmail Esfandiaripour, Trend reports citing Mehr News Agency.

"Contracts are being signed by farmers in Kermanshah, Ilam, Khuzestan and southern Fars and Kerman provinces to purchase 270,000 tons of durum wheat," said Esfandiaripour.

"The planting would start in November and this deal is a good plan as far as purchasing wheat from farmers goes," he said.

"The association of pasta suppliers and manufacturers has announced its readiness to purchase wheat directly from farmers for 2,300 rials (about 50 cents) per kilo that is more than purchase guarantee rate," he said.

Esfandiaripour further said that the of urea fertilizer has not grown but the price of phosphate and potash fertilizers has increased in the current Iranian year (started March 20,2020), compared to the last Iranian year (started March 21,2019), due to rise of foreign currency rates," he said.

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