...

Iran’s guaranteed wheat purchases from local farmers growing

Business Materials 11 September 2023 20:46 (UTC +04:00)
Elnur Baghishov
Elnur Baghishov
Read more

BAKU, Azerbaijan, September 11. The amount of wheat purchased from local farmers in Iran under a guarantee since the beginning of the current wheat harvesting season (started March 28, 2023) increased by 44 percent compared to the same period of the previous season, Trend reports.

According to data from the Iranian Ministry of Agriculture Jihad, a total of 10.3 million tons of wheat were purchased from local farmers in the country under a guarantee within the specified period.

More than half of this amount, 6.4 million tons, came from seven provinces: Khuzestan, Kurdistan, Fars, Kermanshah, West Azerbaijan, Golestan, and Lorestan. These provinces contributed 62 percent of the total wheat purchases.

Overall, 13 million tons of wheat are forecast 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 the Iranian Government Trading Corporation.

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 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 were ordinary agricultural land.

---

Follow the author on X (Twitter):@BaghishovElnur

Tags:
Latest

Latest