Economy, Domestic Economy
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No Need for Wheat Imports

No Need for Wheat ImportsNo 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.

 

Financialtribune.com