76566
Gov’t Wheat Purchases Reach  8.8m Tons
Gov’t Wheat Purchases Reach  8.8m Tons

Gov’t Wheat Purchases Reach 8.8m Tons

Gov’t Wheat Purchases Reach 8.8m Tons

More than 8.87 million tons of wheat worth 116 trillion rials ($2.83 billion) have been purchased from local farmers by the government since the beginning of the current Iranian year (March 21), the head of Government Trading Corporation of Iran said. Considered as a staple in Iran, wheat yields are purchased every crop year by the government to build up its reserves and supply the market over time.  “This amount, once again, renders us self-sufficient,” Yazdan Seif was also quoted as saying by Fars News Agency. The official added that the southern Khuzestan Province with around 1.35 million tons tops the list of provinces from where the purchases were made. It was followed by Golestan, Fars, Kermanshah and Kurdestan. 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.

 

Short URL : https://goo.gl/Dws7rP
  1. https://goo.gl/ehyE3X
  • https://goo.gl/G3G6nZ
  • https://goo.gl/PAfnSG
  • https://goo.gl/dtm3L8
  • https://goo.gl/n9NcKM

You can also read ...

Fresh Forex, Gold Coin Rally in Tehran Market
After a period of calm, the US dollar is once again surging in...
SpaceX founder Elon Musk says block 5 boosters should be able to fly 50 to 60 times with minimal refurbishment between flights.
Lighting up the deep overnight sky, a SpaceX Falcon 9 rocket...
Guidance Forum for Startups
The local accelerator Novintech is set to hold a Q&A...
Iran-Europe Business Center Hosts Talks in Berlin to Foster Tech Ties
A meeting has been held between Iranian and European startups...
About 1.34 billion shares valued at $170.66 million changed hands at TSE on July 22.
Tehran Stock Exchange’s main index gained 535.28 points or 0....
Time to Resume Garlic Exports  to Iraq
Iraq’s Agriculture Ministry had banned the import of Iranian...
The IFB debt market, where most of the Islamic bonds are sold, is currently worth over $13 billion.
Average yield to maturity in the Iranian debt market has...
Isfahan Airport to Increase Plane Parking Capacity
Isfahan International Airport’s parking project has started...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus