No Need for Wheat Imports
Economy, Domestic Economy

No Need for Wheat Imports

Iran does not need to import wheat in the next Iranian year (starting March 20, 2016) amid this year’s bumper harvest and brimming reserves, says deputy agriculture minister. “This year, more than 8 million tons of wheat have been purchased by the government, which is a record high in the past 10 years,” IRNA quoted Ali Qanbari as saying. He also referred to the country’s 600,000 tons of durum wheat reserves and said half of it was produced in the current crop year and the rest is from previous year’s output. Durum wheat is a high-protein strong strain, especially used for making pasta. Qanbari said the government is planning to ship 300,000 tons of its durum reserves to domestic pasta-making companies and the rest will be bartered for foreign wheat through tenders.
“So far, a portion of the crop has been shipped to Turkey. Italy is also interested in conducting barter with Iran,” he said.


Short URL : http://goo.gl/anv4Xa
  1. http://goo.gl/PxeFls
  • http://goo.gl/FrwDxM
  • http://goo.gl/s3FEUL
  • http://goo.gl/qgDv1c
  • http://goo.gl/iUAF3r

You can also read ...

Big Benefits of a German ‘Iran Bank’
Since US President Donald Trump pulled out of the nuclear...
Islamic Bonds Worth $25m Issued for  Locomotive Manufacturing
Some 1.05 trillion rials ($25 million) worth of Islamic bonds...
Audi Names New Leader After CEO Arrested
Audi has tapped its top sales executive to lead the company...
Structural Reforms in Banks  to Help Ensure Fiscal Stability
The second and final day of the Conference on Monetary and...
Hyundai Elantra
After local media reported that the South Korean carmaker...
Two-Month Auto Parts Import Bill: $468m
Iran’s auto parts import bill for the first two months of the...
Kerman to Host 2 Int’l Mining Expos Next Week
The Sixth International Exhibition of Mining, Mineral...
IRIR Unveils Suburban Rail Expansion Plans
The Islamic Republic of Iran Railways plans to expand suburban...