Oilseed Production Meets 8% of Domestic Demand
Oilseed Production Meets 8% of Domestic Demand

Oilseed Production Meets 8% of Domestic Demand

Oilseed Production Meets 8% of Domestic Demand

Domestic demand for raw vegetable oil stands at about 1.5 million tons per year, the manager of Oilseeds Project carried out by the Ministry of Agriculture said.
“This year, the government is planning to purchase 400,000 tons of oilseeds from local farmers, from which close to 120,000 tons of raw vegetable oil will be produced. This amount will meet 8% of domestic demand, up from 5% the year before,” Alireza Mohajer was also quoted as saying by Mehr News Agency. The current Iranian year started on March 21.
The official said colza production will reach 200,000 tons this year to register a threefold increase compared with the previous year.
“Alongside colza, soybeans, safflower and sunflower seeds are being cultivated in the country as well. Last year, close to 135,000 tons of soybeans were produced, registering a 60% increase compared with the previous year,” he said. Mohajer estimated that 15,000 tons of safflower would be produced this year. “About 250,000 tons of sesame and cotton seeds are expected to be produced this year,” he said, adding that these two crops are not included in the government’s guaranteed purchase program.
Every year, the government buys certain strategic crops, including oilseeds from local farmers at guaranteed prices, to build up its strategic reserves and control prices in the domestic market.

Short URL : https://goo.gl/QnzG4y
  1. https://goo.gl/dSYAUh
  • https://goo.gl/PDp5Di
  • https://goo.gl/5yGxBM
  • https://goo.gl/nJ0q67
  • https://goo.gl/My19SJ

You can also read ...

Iran Missing Advantages of Foreign Banks’ Presence
Tehran Chamber of Commerce, Industries, Mines and Agriculture...
Oman Eyes Iran Market Amid Rising Imports
Ithraa, Oman’s inward investment and export promotion agency,...
Luxgen’s S3 is a 5-seater subcompact sedan equipped with a 1.6-liter, 116 hp gasoline engine.
Local company Arman Motor Kavir is set to unveil two imported...
Iran Exim Bank Tapping NDFI Resources
Export Development Bank of Iran–the country's exim bank–is to...
Billet and bloom shipments made up the bulk of exports, reaching 1.78 million tons, up 28% year-on-year.
Iran’s semi-finished steel exports during the first seven...
Local producers have often called  on the government to increase import tariffs on tires.
In order to “protect domestic production”, the Industries...
Transport MoU With South Korea
Iran and South Korea have signed a memorandum of understanding...
Roadmaps for SSO Recovery
The research arm of the Iranian Parliament has conducted a...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.