Economy, Domestic Economy
0

Gov’t Buys 80% More Colza From Farmers

Gov’t Buys 80% More Colza From Farmers Gov’t Buys 80% More Colza From Farmers

More than 225,000 tons of colza worth around 7.5 trillion rials (close to $178.6 million) have been purchased by the government from farmers across the country so far this year, registering an 80% surge compared with the corresponding period of last year, the director of “National Oilseed Project” carried out by Agriculture Ministry said.
“It is estimated that purchases will reach 300,000 tons by the end of the [fiscal] year [March 2019]. Oil extracted from this amount will meet about 9% of our domestic demand. Other oilseeds will meet an additional 7% of the demand for vegetable oils,” Alireza Mohajer was also quoted as saying by Young Journalists Club on Monday.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com