Wheat purchasing from farmers in Iran’s Kermanshah Province down

Business Materials 24 August 2021 12:05 (UTC +04:00)
Wheat purchasing from farmers in Iran’s Kermanshah Province down

BAKU, Azerbaijan, Aug. 24

By Elnur Baghishov – Trend:

The volume of wheat purchased from farmers in the Kermanshah Province (western Iran) under a guarantee from the beginning of the current harvesting season in Iran (March 31, 2021) to August 24, decreased by 23 percent compared to the same period last Iranian year, 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 emphasized that a total of 422,000 tons of wheat have been purchased from farmers in Kermanshah Province under a guarantee within the mentioned period. While in the same period last Iranian, this figure amounted to 546,000 tons.

“The volume of wheat to be purchased by the end of the season is expected to increase slightly,” he added.

The director-general noted that so far, 18.8 trillion rials (about $447 million) have been paid to farmers for purchased wheat.

According to Orveysi, the annual wheat demand of Kermanshah Province is about 250,000 tons.

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.


Follow the author on Twitter:@BaghishovElnur