BAKU, Azerbaijan, August 3. As many as 7.16 million tons of wheat worth 1.47 quadrillion rials (about $2.57 billion) were purchased from farmers in Iran under a guaranteed contract from April 5 to August 2, Iranian Deputy Minister of Agriculture, Executive Director of the State Trading Company Saeed Rad told local media, Trend reports.
According to him, the process of paying farmers for the purchased wheat is ongoing and so far around 652 trillion rials (nearly $1.14 billion) have been paid to farmers.
Rad said that the largest amount of wheat was purchased from farmers in Khuzestan Province - 1.44 million tons, Kurdistan Province - 662,000 tons, Golestan Province - 601,000 tons, Fars Province - 581,000 tons, and Kermanshah Province - 578,000 tons.
To note, wheat has been planted on an area of 6.39 million hectares in Iran this year. Of this, 4.22 million hectares are arable land, and 2.17 million hectares are conventionally cultivated land.
In the current year (from March 21, 2025, through March 20, 2026), the guaranteed price of one kilogram of wheat for making bread in the country has been set at 205,000 rials (about $ 0.38), and the price of one kilogram of durum wheat has been set at 210,000 rials (about $0.39).
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