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Iran lifts ban on wheat export

Business Materials 16 September 2016 21:15 (UTC +04:00)

Baku, Azerbaijan, Sept. 16

By Emil Ilgar – Trend:

Iran lifted the ban on wheat export and the first cargoes could be transited to Turkey and Italy, Ali Qanbari, managing director of Governmental Trading Corporation, told ISNA Sept. 16.

He added that some 11.6 million tons of wheat has been purchased by government from farmers during the current fiscal year (started March 21), of which 800,000 tons is durum wheat, for the export of which the government issued a permit.

Iran produced 3 million tons of wheat more than in the last fiscal year.

Almost 7.5 million tons of wheat is used by bakery units and Iran’s food industry also needs 2.5 million tons of wheat every year.

Iran’s wheat demand stands at over 13 million tons annually.

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