Domestic Economy

Wheat Self-Sufficiency at Risk: Experts Warn

Wheat Self-Sufficiency at Risk: Experts WarnWheat Self-Sufficiency at Risk: Experts Warn

The government has set wheat’s guaranteed purchase price at 22,000 rials ($0.14) per kilogram for the harvest of the next Iranian year (starting March 20, 2020).
"If the Economic Council, which has set the price, does not revise this price, we have no recourse but to import the grain to supply the domestic demand for the grain," says the head of the National Wheat Farmers Foundation.
“The real price of each kilo of wheat currently stands at 25,000 rials [around $0.16]. Any price lower than that will not cover production costs and farmers' living expenses. If prices are not raised, the government’s guaranteed purchase will face the same problem as in last year,” Ataollah Hashemi was quoted as saying by Young Journalists Club.


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