BAKU, Azerbaijan, July 12. The amount of wheat purchased from farmers in Iran’s Semnan Province under a guarantee since the beginning of the current wheat harvesting season (started March 28, 2023) increased by 3 percent, compared to the same period in the last season, Director General of Iran’s Government Trading Corporation’s branch in Semnan Province, Abdolrahim Tahsili said, Trend reports.
The director general said that more than 66,000 tons of wheat worth 7.62 trillion rials (about $181 million) has been purchased from farmers in the province within the mentioned period.
Tahsili added that so far, about 4.86 trillion rials (about $116 million dollars) has been paid to farmers for the purchased wheat, which is 63.7 percent of the total value.
According to him, the most wheat - 27,300 tons of wheat was purchased from farmers in Meyami County of the province.
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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