Domestic Economy

Wheat Guaranteed Purchase Prices Reformed

Wheat Guaranteed Purchase Prices ReformedWheat Guaranteed Purchase Prices Reformed

After a new round of negotiations, the government has reformed the prices of guaranteed wheat purchases, based on which each kilo of common and durum wheat will be purchased at the rates of 25,000 rials ($0.15) and 26,000 rials ($0.16) respectively, showing a 47% increase compared with last year.
Ataollah Hashemi, the head of the National Wheat Farmers Foundation, says the reform came after holding sessions in which the message of farmers’ dissatisfaction with this year’s wheat prices was conveyed to related government administrations and officials.
“Fortunately, our efforts paid off and prices were raised on par with the annual inflation rates,” Mehr News Agency quoted him as saying.
Hashemi noted that this year’s wheat production will hit 14 million tons that is sufficient to meet the entire domestic demand. 


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