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8m Tons of Wheat Purchased From Foreign Sources

8m Tons of Wheat Purchased From Foreign Sources
8m Tons of Wheat Purchased From Foreign Sources

Wheat imports began in April and so far around 8 million tons of the staple grain have been purchased from foreign sources, says CEO of the Government Trade Corporation, affiliated with the Agriculture Ministry.
“More than 3 million tons of the purchased wheat have been imported so far and found its way into the local market. The remaining 5 million tons will gradually reach the country’s southern and northern ports to undergo clearance procedures,” Yazdan Seif was also quoted as saying by ILNA.
The official noted that in the current fiscal year (started March 21), the government has purchased only 4.53 million tons of wheat from local farmers as part of its guaranteed purchase plan, noting that this was due to an overall decline in production as a result of low precipitation, water scarcity and bad weather conditions.

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