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Iran’s GTC announces volume of wheat purchased from famers in Kurdistan Province

Business Materials 16 August 2021 13:02 (UTC +04:00)
Iran’s GTC announces volume of wheat purchased from famers in Kurdistan Province

BAKU, Azerbaijan, Aug. 16

By Elnur Baghishov – Trend:

More than 270,000 tons of wheat have been purchased from farmers in the Kurdistan Province (western Iran) under a guarantee from the beginning of the current harvesting season in Iran (March 31, 2021) to August 16, Director General of Government Trading Corporation (GTC) of Iran’s branch in Kurdistan Province, Jamal Salehi said, Trend reports citing the corporation’s website.

The director general said that so far, 12.5 trillion rials (about $297 million) have been paid to farmers for purchased wheat.

"The largest volume of wheat was purchased in the province’s Ghorveh County – about 72,200 tons, in Saqqez County – 53,600 tons, in Bijar County – 48,300 tons and in Dehgolan County – 47,300 tons," he added.

According to Salehi, the purchase of wheat from farmers in the province under a guarantee will continue until August 23, 2021.

Reportedly, 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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