46766
Gov’t Buys More Wheat From Local Farmers
Economy, Domestic Economy

Gov’t Buys More Wheat From Local Farmers

The government has purchased 9.2 million tons of wheat worth 117 trillion rials (more than $3.3 billion at market exchange rate) from local farmers since March 15, indicating a 13% rise compared with the corresponding period of last year. The government buys wheat from local farmers at guaranteed prices to build up its strategic reserves and control prices in the domestic market. Khuzestan in the south, with close to 1.4 million tons, Golestan in the north with 1.32 million tons and Fars in the southwest with 846,000 tons, top the list of provinces from where the purchases have been made, IRNA reported.  At the beginning of this year’s harvest season, it was estimated that about 13 million tons of the grain would be produced from 6 million hectares of irrigated and rain-fed fields, 10 million tons of which would be purchased by the government. Yet, the Government Trading Organization of Iran is optimistic that production and purchases will exceed the predicted figures.

Short URL : http://goo.gl/ZXAYY6
  1. http://goo.gl/MAjCAk
  • http://goo.gl/6UXnXi
  • http://goo.gl/FKsvp0
  • http://goo.gl/A86tYY
  • http://goo.gl/pNMl4b

You can also read ...

FATF Gives Iran Until February to Complete Reforms
The international group that monitors money laundering...
EU Mechanism for Iran Trade Pursues Long-Term Targets
France’s Foreign Ministry said on Thursday the creation of a...
Iran Private Sector Businesses Dispirited Over Economic Conditions - Report
A recent survey conducted by the Tehran Chamber of Commerce,...
Tehran Market: Gold Prices Move Toward Relative Calm
Gold prices are relatively stable according to the head of...
UK Preserving Iran Humanitarian Trade in Face of US Sanctions
High-level meetings on Thursday and Friday in London were held...
Iran Government Expected to Change Currency Repatriation Rules
Iran's private sector remains steadfast in its opposition to...
Iran: Imports of Essential Goods Top $4.6 Billion (Mar-Sep 2018)
Over 9.13 million tons of essential goods worth $4.67 billion...
Tehran Stock Exchange's Main Index Registers 90% Growth Since March
The total value of traded shares in Tehran Stock Exchange...

Trending

Googleplus