Iran Gov’t Local Wheat Purchases Reach 6.5m Tons Worth $2.3 Billion

The government bought 6.5 million tons of wheat worth 740 trillion rials ($2.32 billion) from local farmers from the beginning of the harvest season on March 24 to August 5, according to Ataollah Hashemi, the head of National Wheat Farmers Foundation.
The volume registers a 46% growth in tonnage compared with the similar period of last year, he added. 
Considered a staple in Iran, wheat is purchased every crop year by the government to build up its reserves and supply the market over time. This year, government purchases of wheat started from the provinces of Sistan-Baluchestan, Kerman and Khuzestan, all in southern Iran.