BAKU, Azerbaijan, May 24. The amount of wheat purchased from farmers under a guarantee in Iran’s Khuzestan Province is expected to reach 1.7 million tons by the end of the current wheat harvesting season in the country (started March 28, 2023), Director General of Iran’s Government Trading Corporation’s branch in Khuzestan Province Omid Jahan Nejadian said, Trend reports.
The director general said that overall, 1.61 million tons of wheat were purchased from farmers in Khuzestan Province under a guarantee from March 28, 2023 to May 21, 2023,
He added that wheat in the province is purchased by the Central Union of Rural and Agricultural Cooperatives of Iran and the Government Trading Corporation (GTC) and the private sector.
According to Jahan Nejadian, on average, about 20,000 tons of wheat are purchased daily in the province.
The official also noted that currently, the purchase of wheat continues in the northern and north-eastern regions of the Khuzestan Province.
“In addition, 30,000 tons of rapeseed were purchased from farmers in the province within the mentioned period,” he pointed out.
Jahan Nejadian said that so far, 90 trillion rials (about $2.14 billion) has been paid to the wheat farmers in the province for the purchased wheat.
Overall, 13 million tons of wheat are forecasted to be harvested in Iran for the current Iranian year (March 21, 2023 through March 19, 2024). Of that amount, 8-8.5 million tons are estimated to be purchased by Iranian Government Trading Corporation (GTC).
Meanwhile, last Iranian year (March 21, 2022 through March 20, 2023), about 11.5 million tons of wheat were harvested in the country, of which 7.5 million tons were purchased by the GTC.
Last year, the price of 1 kg of wheat was set up at 115,000 rials (about $2.74), while, 1 kg of wheat is set at 150,000 rials (about $3.57) for the current season.
In total, wheat was planted on 5.95 million hectares of land in Iran in the current season. Of this, 3.96 million hectares accounted for dry-farming land, while 1.99 million hectares for ordinary agricultural land.
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