49907
Colza Output to Reach 350,000 Tons by Yearend
Colza Output to Reach 350,000 Tons by Yearend

Colza Output to Reach 350,000 Tons by Yearend

Colza Output to Reach 350,000 Tons by Yearend

Production of colza is estimated to reach 350,000 tons in the current Iranian year (March 2016-17) from more than 215,000 hectares under cultivation, according to deputy minister of agriculture, Abbas Keshavarz.
“We are planning to meet, within the next 10 years, 75% of domestic demand for vegetable oil inside the country, thereby preventing the outflow of $4 billion from the country every year,” he was quoted as saying by ISNA.
The provinces of Golestan in the north, Ardebil in the northwest and Khuzestan in southern Iran are top producers of colza oilseeds in Iran.
The government has purchased over 66,000 tons of colza from local farmers since the beginning of the harvest season in March.
Every year, the government buys crops at guaranteed prices from local farmers to build up its strategic reserves and control prices in the domestic market. It encourages oilseed cultivation as part of its broader goal to limit the imports of vegetable oil.
According to the Agricultural Jihad Ministry, 90% of domestic demand for vegetable oil are presently met through imports.

Short URL : https://goo.gl/6JHXb1
  1. https://goo.gl/Hy8jBm
  • https://goo.gl/8BIAwP
  • https://goo.gl/azI3xH
  • https://goo.gl/fZ5YPL
  • https://goo.gl/ogIlH5

You can also read ...

Central Bank of Iran Against Market Intervention
Central Bank of Iran's Governor Abdolnasser Hemmati said the...
New Forex Initiative Unable to Tip Scales
The new forex initiative has only managed to fix major policy...
VDMA Backs Iran Trade
Germany’s plastics and rubber machinery trade association,...
Tehran Shows 4th Biggest Upturn in Economist’s Livability Index
Tehran is one of the top five cities in the world to have...
Equity-Based Sukuk Return to Iran Capital Market
The government is set to clear part of its debt to Social...
Musk Bid for Tesla Still Murky
Tesla Inc’s board named a special committee of three directors...
Over €81m Worth of Airport Equipment Purchased  Post JCPOA
Iran Airports & Air Navigation Company, an arm of the...
S. Korea Bans Recalled BMWs Over Fire Fears
The South Korean government has said it will ban about 20,000...

Trending

Googleplus