BAKU, Azerbaijan, Mar. 31
By Elnur Baghishov – Trend:
Iran started to purchase wheat from farmers under a guarantee today on Mar. 31, Trend reports citing the Government Trading Corporation of Iran (GTC).
According to the report, 81 tons of wheat were purchased in the Fars and Kerman provinces of Iran.
“Along with these two provinces, the purchasing of wheat will begin in Khuzestan, Sistan and Baluchestan and Bushehr provinces from next week,” the report said.
It is forecasted that more than 9 million tons of wheat will be purchased in Iran in the current Iranian year (from March 20, 2021 through March 20, 2022). The price of 1 kg of wheat is set up 40,000 rials (about 95 cents) for the current Iranian year, the report said.
According to the report, wheat has been planted on 6.15 million hectares of land in the current Iranian year. This is an increase of 2.3 percent compared to last Iranian year.
A number of products, including wheat, tea, rice, and other products are purchased from farmers by GTC under a guarantee in Iran.
The Government Trade Corporation of Iran purchased 8.2 million tons of wheat worth about 209 trillion rials (about $4.96 billion) from farmers in guaranteed in the last Iranian year (from March 20, 2020, through March 20, 2021).