Economy, Business And Markets

Gov’t Announces Wheat Purchase Plan

Gov’t Announces Wheat Purchase PlanGov’t Announces Wheat Purchase Plan

The Iranian government will purchase between 10.2 million and 10.5 million tons of wheat from local farmers in the current fiscal year (started March 21), a deputy agriculture minister announced.
“This year’s wheat purchases from local farmers at guaranteed prices began on March 26 in the southeastern Sistan-Baluchestan Province,” Yazdan Seif, who also doubles as the head of Government Trading Corporation of Iran, was also quoted as saying by Mehr News Agency.
Iran has been self-sufficient in wheat production for two years now and only imports the crop for reexportation after it is processed.
More than 8.87 million tons of wheat worth 116 trillion rials ($2.83 billion) were purchased from Iranian farmers by the government last year.


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