BAKU, Azerbaijan, April 9. Iran’s Government Trading Corporation (GTC) has purchased over 160,000 tons of wheat from farmers under a guarantee in the Kerman Province (south-eastern Iran), from the beginning of the current wheat harvesting season in Iran (March 24, 2022) to July 6, Director General of the GTC’s branch in Kerman Province Dariush Maheri said, Trend reports citing the corporation’s website.
This is an increase of 60 percent in volume, compared to the same period last Iranian year, Maheri noted.
The director general added that the value of purchased wheat from farmers in Kerman Province for the reporting period amounted to 19 trillion rials (about $452 million).
He said that about 92 percent of the money for the purchased wheat has been paid to farmers.
“Moreover, 858 tons of rapeseed have been purchased from farmers in the province under a guarantee. About 98 percent of the money for the purchased rapeseed has been paid to the farmers, Maheri also pointed out.
In general, 9 million tons of wheat are expected to be purchased in Iran in the current Iranian year (from March 20, 2022, through March 20, 2023). Of this, about 5.5 million tons are expected to be purchased by the GTC.
The price of 1 kg of wheat was set up at 115,000 rials (about $2.74), while 1 kg of rapeseed – was at 150,000 rials (about $3.57 million) for the current Iranian year.
A number of products, including wheat, tea, rice, and other products are purchased from farmers by GTC under a guarantee in Iran.
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