Domestic Economy
0

Local Wheat Purchases Hit 5 Million Tons Worth $1.7 Billion

Local Wheat Purchases Hit 5 Million Tons Worth $1.7 Billion
Local Wheat Purchases Hit 5 Million Tons Worth $1.7 Billion

The government has bought 5 million tons of wheat worth 570 trillion rials ($1.77 billion) from local farmers so far this year, data released by the Agriculture Ministry show.
Khuzestan in the south of the country with 1.35 million tons, Golestan in the north with 734,000 tons and Fars also in the south with 428,000 tons top the provinces from where the staple grain was purchased, Mizan Online reported.
Considered a staple in Iran, wheat is purchased every crop year by the government to build up its reserves and supply the market over time. 

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