90080
Colza Production Exceeds Expectations
Colza Production Exceeds Expectations

Colza Production Exceeds Expectations

Colza Production Exceeds Expectations

The government has purchased more than 300,000 tons of colza worth around 9 trillion rials ($209.3 million) from local farmers so far this year, indicating an 85% rise in tonnage compared with last year’s corresponding period.
The announcement was made by Alireza Mohajer, director of Agriculture Ministry’s “National Oilseed Project”.
The figure is estimated to reach 320,000 tons by the end of the harvest season, exceeding the previous estimate of 300,000, Young Journalists Club reported.
The Iranian government’s approach to control the local market for strategic crops is to purchase the crops from farmers in bulk, store in reserves and then distribute them throughout the year.
The increase in colza purchase this year points to a rise in the production of the oilseed.
Of all the vegetable oils consumed in Iran, 95% are extracted from soybean, sunflowers and palm. The Agriculture Ministry plans to achieve 70% self-sufficiency in oilseed production within the next 10 years to curb the import of oilseeds and vegetable oil.
Per capita vegetable oil consumption in Iran is about 18-19 kilograms a year while the global average is at 12 kilograms.

Short URL : https://goo.gl/7dshws
  1. https://goo.gl/YGDMx6
  • https://goo.gl/C8Fuv3
  • https://goo.gl/nQU8Ea
  • https://goo.gl/z2bAwx
  • https://goo.gl/1Gt9TU

You can also read ...

Forex Rates Decline Continues in Tehran Market
The currency market in Tehran stabilized further on  Sunday...
Trump Tactic to Sanction Swift May Not Work
The Trump administration abandoned the Iran nuclear deal this...
Iran's 9-Month Trade With China Grows 1.8% to $29b
China remains the top customer of Iran’s oil and non-oil goods...
36% Rise in Iran's Cigarette Tax Revenues
The government earned 2.5 trillion rials ($17.48 million) from...
Snapshot of Iran's Nomadic Economy
The findings of the recent National Population and Housing...
Iran H1 Steel Exports Top 3.5m Tons
Major Iranian steelmakers exported a total of 3.51 million...
Czech Republic Looking to Strengthen Iran Business Ties
High-level private sector officials of Iran and the Czech...
Q1 Production Index Signals Lackluster Industrial Performance
Iran's major industries staged a relatively weak performance...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus