TCCIM Member Demands Solution for Surplus Wheat
TCCIM Member Demands Solution for Surplus Wheat

TCCIM Member Demands Solution for Surplus Wheat

TCCIM Member Demands Solution for Surplus Wheat

Wheat rotting away or destroyed in rain would be a serious concern, if the government fails to work out a solution about its safe storage or exports, Kaveh Zargaran, the chairman of Agriculture Commission of Tehran Chamber of Commerce, Industries, Mines and Agriculture has warned.  “Iran’s wheat storage in 2017 is expected to exceed 20 million tons thanks to favorable conditions, following an abundant harvest in September and the fact that about 9.5 million tons of wheat in excess of domestic need were purchased by the government from local farmers last year,” Mehr News Agency quoted Zargaran as saying. A record high of 14 million tons of wheat were domestically produced last year, more than 11.76 million tons of which were purchased from local farmers at guaranteed prices. This helped Iran achieve self-sufficiency in wheat production.  Every year, the government buys strategic crops, including wheat from local farmers at guaranteed prices, to build up its reserves and control prices in the domestic market.


Short URL : https://goo.gl/yLFAaX
  1. https://goo.gl/UMQNck
  • https://goo.gl/AtNnbN
  • https://goo.gl/O1SKWV
  • https://goo.gl/X9Esrs
  • https://goo.gl/3i6VUA

You can also read ...

How China Became Iran’s Coziest Trade Partner?
From bilateral trade to finance contracts and civil projects,...
Iranian Banking Sector Awaits Full JCPOA Benefits
Iran’s Deputy Foreign Minister Abbas Araqchi addressed various...
The economy of the Islamic Republic of Iran has been tied to political and foreign affairs developments over the years.
This is the Financial Tribune’s last edition of the current...
President Hassan Rouhani on Sunday spoke to reporters after the last Cabinet meeting of the current year.
President Hassan Rouhani on Sunday outlined his administration...
All-Out Growth in Interbank Market
The Central Bank of Iran has released its latest data on the...
Iran has more than 37 billion tons of proven mineral reserves and 57 billion tons of potential reserves.
Iran exported more than 58.09 million tons of mineral products...

Add new comment

Read our comment policy before posting your viewpoints