BAKU, Azerbaijan, August 12. As many as 13,700 tons of wheat worth 2.83 trillion rials (about $4.87 million) have been purchased from farmers in South Khorasan Province, located in northeastern Iran, under a guaranteed purchase agreement since May 5, Director General of the South Khorasan Province Department of the State Trading Company of Iran Meysam Pishdadian told local media, Trend reports.
As per his assertion, 55 percent of the allocated capital for
the procured wheat, amounting to 1.56 trillion rials (approximately
$2.68 million), has been disbursed to the agricultural producers.
Efforts are currently in progress to disburse the outstanding
capital, quantified at 1.27 trillion rials (approximately $2.19
million).
Pishdadian indicated that the preeminent volume of wheat
procurement was executed from agricultural producers in Boshruyeh
County (3,220 tons), Zirkuh County (1,850 tons), and Nehbandan
County (1,830 tons).
It is noteworthy that between April 5 and August 8, a total of 7.44
million tons of wheat, valued at 1.53 quadrillion rials
(approximately $2.68 billion), were procured from agricultural
producers in Iran under a secured guarantee.
This year, wheat was sown on 6.39 million hectares in Iran. Of this, 4.22 million hectares are fallow lands and 2.17 million hectares are conventionally sown lands.
In the current year (from March 21, 2025, through March 20, 2026), the guaranteed price of wheat for making bread in the country has been set at 205,000 rials (circa $0.38) per kilogram, and the price of durum wheat has been set at 210,000 rials (approximately $0.39) per kilogram.
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