News ID: 302878
Published: 0243 GMT May 08, 2021

Iran buys 1.1m tons of wheat under guaranteed purchase agreement

Iran buys 1.1m tons of wheat under guaranteed purchase agreement

A sum of 1.1 million tons of wheat was bought through a guaranteed purchase agreement during March 31-May 8, said the director general of internal purchasing coordination of the Government Trading Corporation of Iran (GTC).

Morteza Sa’adati-Kia added that, thus far, more than 53,000 wheat farmers in eight provinces have delivered their products to GTC centers, IRNA reported.

Khuzestan Province, with 810,000 tons, was the first in purchasing this product in the country during the said period followed by Ilam, Fars and Kerman provinces, with 103,000 tons, 57,000 tons and 56,000 tons, respectively.

Wheat cultivation is responsible for nearly 80 percent of dry farming in Iran while the crop is also cultivated in a significant portion of irrigated lands across the country.

The Iranian government has announced its guaranteed purchase price for locally produced wheat for the upcoming harvest season, ending in August, as it seeks to encourage nearly one million wheat farmers to expand their cultivation area for the key crop.

Iran’s Minister of Agriculture Jihad Kazem Khavazi said on April 20 that the government would guarantee to buy wheat from farmers at 50,000 rials ($0.28) per kilogram this season.

The price is double the rate used by the government for guaranteed purchase during the last harvest season, Khavazi told reporters as he defended his ministry’s policy on guaranteed purchase of strategic crops.

The minister said this year’s price would encourage farmers to expand the area dedicated to wheat in the autumn cultivation season.


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