Iran Gov’t Bought $1.5b Worth of Wheat From Local Farmers in 3 Months

The government bought more than 4 million tons of wheat worth 480 trillion rials (over $1.5 billion) from local farmers from the beginning of the harvest season on March 24 to June 30, which shows a 28% growth in tonnage compared with the similar period of last year, says the head of National Wheat Farmers Foundation.
This year, guaranteed purchases started from the provinces of Sistan-Baluchestan, Kerman and Khuzestan, all in southern Iran.
“Wheat production is expected to reach 10 million tons by the end of the harvest season in September to register a 20% rise compared with last year’s output. The government is expected to purchase more than 6 million tons of the grain,” Ataollah Hashemi was also quoted as saying by the Young Journalists Club.
He noted that the government has doubled the prices of wheat it buys from farmers compared to last year.