Wheat Production Estimated to Decline
Wheat Production Estimated to Decline

Wheat Production Estimated to Decline

Wheat Production Estimated to Decline

Wheat production is estimated to decrease by 6-7% in the current Iranian year that started on March 21, the head of Plant Protection Organization of Iran said.
“This will be a result of the decrease in precipitation as well as the sunn pest that has infested some rain-fed farms,” Mohammad Ali Baghestani was also quoted as by saying Mehr News Agency.
Baghestani noted that despite this decline in production, hopes are high that wheat self-sufficiency will be attained this year just like in the previous year.
A record high of 14 million tons of wheat were domestically 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 after about a decade.
“So far this year, 2.8 million tons of the grain worth 31.65 trillion rials ($847.2 million) have been purchased from farmers across the country by the Government Trading Corporation of Iran,” said Esmaeil Esfandiarpour, the executive manager of “Wheat Project”–the government program to purchase the crop from farmers at a guaranteed price. The southern Khuzestan Province with more than 1.63 million tons tops the list of provinces from where purchases were made. It was followed by Golestan, Fars, Kerman and Ilam provinces with 458,000 tons, 325,000 tons, 177,000 tons and 172,000 tons of purchases respectively, IRNA reported.
GTC is a government-owned company specializing in the purchase, import and distribution of essential foodstuff. It is the lever for enforcing market controls.
The company is also in charge of maintaining a supply of wheat, rice, cooking oil and meat, as the country’s strategic reserve of essential commodities.

Short URL : https://goo.gl/0d921k
  1. https://goo.gl/LCTSFI
  • https://goo.gl/hZLO8a
  • https://goo.gl/iUPKCn
  • https://goo.gl/OP0ePJ
  • https://goo.gl/0ROiI1

You can also read ...

The share of Iranian railroads in steel transportation is one-third.
There were high hopes for the Iranian mining industry after...
To moderate bank interest rates, the central bank has established links with the Securities and Exchange Organization.
CBI Governor Valiollah Seif has named the newly-formed cordial...
Despite the decrease in inflation rates under President Hassan Rouhani, Iran saw strong economic growth. 
About a hundred days ago, in the heat of the presidential...
Interbank Transactions Top $800 Billion
Iranian interbank transactions during the fiscal year to March...
New Veep for Economic Affairs
President Hassan Rouhani appointed Mohammad Nahavandian as his...
Amazon, Ebay Purchases Via Third Party Website
A payment facilitation website called ‘Laklak’  (meaning stork...
CRA’s international director, Alireza Darvishi will participate in the event.
Telecom regulators of 23 countries from the Asia-Pacific will...
Tehran to Host 1st Int’l Halal Confab in December
The First International Halal Conference is scheduled to be...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.