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Government Trading Corporation purchase wheat-rapeseed in Iran's Fars Province

Business Materials 28 June 2021 13:05 (UTC +04:00)
Government Trading Corporation purchase wheat-rapeseed in Iran's Fars Province

BAKU, Azerbaijan, June 28

By Elnur Baghishov – Trend:

More than 405,000 tons of wheat have been purchased from farmers in the Fars Province (southern Iran) under a guarantee, since the beginning of the current harvesting season in Iran (March 31), Director General of Government Trading Corporation (GTC) of Iran’s branch in Fars Province Mansour Jabbar said, Trend reports citing the corporation's website.

The director-general said that currently, wheat is being purchased in the north part of the province.

Jabbar added that also, 1,430 tons of rapeseed have been purchased from farmers in the Fars Province.

Reportedly, 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 was set up at 50,000 rials (about $1.19) for the current Iranian year.

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 (from March 20, 2020, through March 20, 2021).

The guaranteed purchase of wheat from farmers in Iran will continue until November 21, 2021.

The rapeseed has been planted on 350,000 hectares in Iran in the current Iranian year and 600,000 tons of rapeseed are estimated to be harvested.

One kilogram of rapeseed is purchased by the Government Trading Corporation of Iran for 110,000 rials (about $2.61).

A number of products, including wheat, tea, rice, and other products are purchased from farmers by GTC under a guarantee in Iran.

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