Economy, Domestic Economy

Next Year’s Wheat Production Target: 12.6m Tons

Next Year’s Wheat Production Target: 12.6m TonsNext Year’s Wheat Production Target: 12.6m Tons

The Agriculture Ministry has set a wheat production target of 12.6 million tons in the next Iranian year (March 2017-18), an official with the ministry said.

The target is part of the objectives set in the sixth five-year development plan (2017-22).

Since mid-September, more than 5.78 million hectares of land have gone under wheat cultivation, indicating a 2% decline compared with the similar period of last year. This decrease pertains to irrigated lands,” Mehr News Agency quoted Esmaeil Esfandiarpour as saying. A record high of over 14 million tons of wheat were domestically produced this year, more than 11.76 million tons of which, worth over $4 billion, were purchased by the Government Trading Corporation from local farmers at guaranteed prices. The five-year economic development plans are medium-term roadmaps designed by the government to help achieve sustainable growth, the strategies for which are outlined in its budget planning for the next five years. GTC is a state-owned company specialized in the purchase, import and distribution of essential foodstuff.

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