Economy, Business And Markets

Colza Production Breaks 30-Year Record

Colza Production Breaks 30-Year RecordColza Production Breaks 30-Year Record

Colza production in Iran since the beginning of the current Iranian year (started March 21) has reached 355,000 tons, which marks a 30-year high, the director of Agriculture Ministry’s “National Oilseed Project” said.
The government has purchased colza from local farmers at guaranteed prices. Previously, it was estimated that purchases would reach 320,000 tons by the end of the harvest season, which is coming to an end this week.
The Iranian government’s approach to control the local market for strategic crops is to purchase crops from farmers in bulk, store in reserves and then distribute them throughout the year. 


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