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Iran’s GTC discloses volume of wheat purchased from farmers in Kermanshah Province

Business Materials 7 July 2021 17:59 (UTC +04:00)
Iran’s GTC discloses volume of wheat purchased from farmers in Kermanshah Province

BAKU, Azerbaijan, July 7

By Elnur Baghishov – Trend:

A total of 317,000 tons of wheat have been purchased from farmers in the Kermanshah Province (western Iran) from the beginning of the current harvesting season in Iran (March 31, 2021) to July 7, Director General of Government Trading Corporation (GTC) of Iran’s branch in Kermanshah Province Mashallah Orveysi said, Trend reports citing the GTC’s website.

Orveysi noted that more than 266,000 tons of wheat were purchased from farmers under a guarantee, while 50,800 tons - on a contract basis.

The director general added that the value of the wheat purchased amounted to 5.97 trillion rials (about $142 million) and was paid to the farmers in full.

“There are 61 centers on the purchasing of wheat operating in the province. Seven of them are public, 41 are private and 13 are affiliated with the Rural Cooperation Organization,” he said.

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 the 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.

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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