Azerbaijan, Baku, Jul.18/ Trend F.Milad/
A wheat silo with the capacity of 25,000 tons was inaugurated in the Iranian northern port city of Amirabad, the Mehr News Agency reported.
Over 80 billion rials (some $6.5 million) has been invested by the private sector in building the silo, Roads and Urban Development Minister Ali Nikzad said on the sidelines of the inaugural ceremony on Wednesday.
The UN Food and Agriculture Organization (FAO) has reported that Iran is the 12th leading producer of wheat in the world with an average production of 14 million tons in 2011, according to Press TV.
Iran's wheat production witnessed a one-million ton decline from 15 million tons in 2010, the report said.
It added that Iran's rice production in 2011 was 2.4 million tons, which increased from a total of 2.3 million tons in the previous year.
FAO also noted that the global wheat production is estimated to be the second highest ever at 690 million tons in 2012.
The report added that adverse weather conditions have led to food insecurity in many regions, despite the predicted increase in global wheat production.