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Iran boosts guaranteed wheat purchasing in Kermanshah Province

Business Materials 31 May 2023 17:19 (UTC +04:00)
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, May 31. The amount of wheat purchased from local farmers under a guarantee in Iran’s Kermanshah Province in the west of the country, increased by 20 percent since the beginning of the current wheat harvesting season (started March 28, 2023), in the country, compared to the same period in the last season, Director General of Iran’s Government Trading Corporation’s branch in Kermanshah Province, Ali Malikshahi said, Trend reports.

The director general said that more than 41,700 tons of wheat have been purchased from farmers in the province within the mentioned period.

He added that 7 centers for purchase of wheat were established in the province by the Government Trading Corporation, 40 centers by the private sector and 14 purchasing centers by the Central Union of Rural and Agricultural Cooperatives of Iran.

“Currently, wheat harvesting continues in 4 counties of the Kermanshah Province, and is expected to last till September 22, 2023,” Malikshahi noted.

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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