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Volume of loans attracted for purchase of agricultural machinery in Iran revealed

Finance Materials 25 October 2020 12:22 (UTC +04:00)
Volume of loans attracted for purchase of agricultural machinery in Iran revealed

BAKU, Azerbaijan, Oct. 25

By Elnur Baghishov – Trend:

The loans worth 15.2 trillion rials (about $362 million) were attracted in Iran related to the purchase of agricultural machinery for the first eight months of the current Iranian year (March 20 - November 20, 2020), Director of the Iranian Agricultural Equipment Development Center Kambiz Abbasi said, Trend reports referring to the Ministry of Agriculture Jihad of Iran.

According to him, this is an increase of three times compared to the same period of the last Iranian year.

Abbasi added that about 14,000 tractors have been delivered to farmers since the beginning of the current Iranian year. This is an increase of 40 percent compared to the same period last Iranian year.

The director noted that 582 combine harvesters were ordered to be manufactured over the current Iranian year (from March 20, 2020 to March 21, 2021).

"So far, 310 combine harvesters have been manufactured and delivered to farmers," he said.

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