Wheat Production, Gov’t Purchases at Record High
Wheat Production, Gov’t Purchases at Record High

Wheat Production, Gov’t Purchases at Record High

Wheat Production, Gov’t Purchases at Record High

More than 10.76 million tons of wheat worth 137 trillion rials ($3.87 billion at current market exchange rates) have been purchased from local farmers by the government since the beginning of the harvest season in late March, which indicates a 40% surge compared to the same period last year, according to CEO of Government Trading Corporation of Iran. “Khuzestan in the south with nearly 1.4 million tons, Golestan in the north with 1.35 million tons, Fars in the southwest with 896,000 tons and Kurdestan and Kermanshah in the west with 800,000 tons and 720,000 tons respectively top the list of provinces from where the purchases were made,” IRNA quoted Ali Qanbari as saying. The official added that purchases will continue until late September and it is estimated that this year the record of both wheat production and purchases in Iran’s history will be broken. Every year the government buys wheat at guaranteed prices from local farmers in order to build up its strategic reserves and control prices in the domestic market. In the last fiscl years that ended in March,  about 11.5 million tons of the grain was produced, 8.08 million tons of which was bought by the government. This year’s production from 6 million hectares of rain-fed and irrigated land is estimated to exceed 13 million tons.

Short URL : http://goo.gl/FrKqPp
  1. http://goo.gl/0elJzg
  • http://goo.gl/rFlcs4
  • http://goo.gl/AN0T88
  • http://goo.gl/WW8uRz
  • http://goo.gl/DHgTgt

You can also read ...

Alcatel’s Android Go Cellphone in the Offing
Two of the phones Alcatel revealed last month will be coming...
NASA Seeks Help to Check Satellites
NASA is asking all cloud gazers to snap photos of the sky and...
Iran has signed a contract with China Railway Group Limited in 2015 to build a 415-km (260-mile) high-speed north-south rail line between Tehran and Isfahan via Qom.
The Economy Ministry sold 2 trillion rials ($41.6 million) of...
Banque Delubac Ready to Service Iranian Businesses
Executives with Banque Delubac and Cie, an independent French...
Trade With Afghanistan Tops $2b
Iran and Afghanistan exchanged 5.32 million tons of non-oil...
$92m Worth of Gov’t Debts to Be Cleared in Swap Deal
The government has decided to clear over 4.45 trillion rials...
Iran-Lithuania Trade Falls 44% in 2017
Trade between Iran and Lithuania stood at more than €11.1...
Gov’t, Workers, Employers Deadlocked in Setting Minimum Wage
With only a day left for the Supreme Labor Council to set the...