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Iran sets final price for domestically-made wheat

Business Materials 11 April 2019 09:07 (UTC +04:00)

Tehran, Iran, April 11

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"Wheat project" commissioner at Iran's Ministry of Agricultural Jihad Esmaeil Esfandiari has announced the final price for wheat in the country, specifically $0.41 per kilo of bread wheat and $0.42 for durum wheat.

“These are the final rates, we're also sending out these prices to the provinces," Esfandiari said, Trend reports citing Tasnim News Agency.

Esfandiari said in Oct. 2018 that Iran has become self-sufficient in wheat production, and no longer needs to import the commodity.

According to the Food and Agriculture Organization, wheat and barley are the main crops cultivated in Iran.

Wheat is the dominant cereal crop accounting for almost 70% of the aggregate cereal production, according to the FAO. The agency said irrigated wheat covers some 33% of the total wheat area, with the bulk of the wheat crop dependent on rainfall.

Most of the rain fed wheat crop is concentrated in the west and northwestern regions of Iran. Small amounts of rice and maize are also produced in the country.

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