Gov’t Buys 550K Tons of Wheat in 20 Days
Gov’t Buys 550K Tons of Wheat in 20 Days

Gov’t Buys 550K Tons of Wheat in 20 Days

Gov’t Buys 550K Tons of Wheat in 20 Days

The government has purchased about 550,000 tons of wheat from local farmers in eight provinces across the country over the past 20 days, the head of the Government Trading Corporation of Iran said.
“Most of the purchases have been made from the two provinces of Khuzestan and Ilam,” Ali Qanbari was also quoted as saying by IRNA on Monday.
A record high of 14 million tons of wheat were produced last year, more than 11.76 million tons of which worth over $4 billion were purchased by the government from local farmers at guaranteed prices.
This helped Iran achieve self-sufficiency in wheat production.
“It is estimated that this year, some 11 million tons of the grain will be purchased and the self-sufficiency attained last year will endure in the current year,” Qanbari said.
The Iranian government buys certain essential crops, including wheat, from farmers at guaranteed price to build up its strategic reserves and control prices in the domestic market.


Short URL : https://goo.gl/ciePZp
  1. https://goo.gl/wv0Czf
  • https://goo.gl/kfmlNL
  • https://goo.gl/6zgSPb
  • https://goo.gl/8ZsOzA
  • https://goo.gl/qG8ZvW

You can also read ...

Nat’l Virtual Currency in the Offing
Months after the idea was first publicized, it seems that Iran...
Valiollah Seif
Governor of the Central Bank of Iran said on Wednesday anti-...
5th Indian Wheat Cargo Arrives for Afghanistan in Chabahar
India’s fifth consignment of wheat to be sent to Afghanistan...
Lexus’ New Crossover to Break Cover  in March
Lexus will pull the covers off of the production version of...
Spanish Foreign Minister Alfonso Dastis met with President Hassan Rouhani on Feb, 21.
Foreign ministers of the Netherlands and Spain are in Tehran...
The government has required car importers to pay the higher tariffs announced in January.
The government has finally allowed the clearance of imported...
Presale Crosses  96,000 Gold Coins
The presale of Bahar Azadi gold coins priced at 14 million...
Bank Loans Top $100b in 10 Months
Banks and credit institutions doled out more than 4.62...

Add new comment

Read our comment policy before posting your viewpoints