BAKU, Azerbaijan, Aug. 15
By Elnur Baghishov – Trend:
About 112,000 tons of wheat worth 5.65 trillion rials (about $134 million) has been purchased from farmers in the Qazvin Province (western Iran) under a guarantee from the beginning of the current harvesting season in Iran (March 31, 2021) to August 15, Director General of Government Trading Corporation (GTC) of Iran’s branch in Qazvin Province Mohammad Izadi said, Trend reports citing the corporation's website.
The director general noted that so far, 5.57 trillion rials (about $133 million) of the money has been paid to farmers.
Izadi added that also, 1,190 tons of wheat have been purchased from farmers in the province on the basis of contract.
“In addition, 4,710 tons of rapeseed worth 518 billion rials (about $12.3 million) have been purchased in the province. So far, 499 billion rials (about $11.8 million) has been paid to farmers for purchased rapeseed,” 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.
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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