Iran’s GTC continues guaranteed rapeseed purchasing from local farmers - As second title.
BAKU, Azerbaijan, May 11. Iranian Government Trading Corporation (GTC) has purchased a total of 100,000 tons of rapeseed from farmers under a guarantee in the country from the beginning of the current harvesting season in Iran (March 24, 2022) to May 11, Executive Director of Iran’s Government Trading Corporation (GTC) Saeed Rad said, Trend reports citing the corporation’s website.
According to Rad, the value of the rapeseed purchased from local farmers under a guarantee so far is 15 trillion rials (about $357 million).
The director also noted that raps are considered one of the strategic products in the country and is mainly purchased from farmers in Iran’s Ilam, Bushehr, Khuzestan, Sistan and Baluchestan, Fars, Kerman and Kohgiluyeh and Boyer-Ahmad provinces.
The price of 1 kg of rapeseed was set up at 150,000 rials (about $3.57 million) for the current Iranian year.
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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