BAKU, Azerbaijan, May 10. The amount of wheat purchased from local farmers in Iran’s Fars Province under a guarantee since the beginning of the current wheat harvesting season (started March 28, 2023), in the country, increased by 40 percent, compared to the same period of the previous season, Director General of Iranian Government Trading Corporation’s branch in Fars Province Mehdi Jamali told IRNA, Trend reports.
The director general noted that 118,000 tons of wheat were purchased from farmers in Fars Province for the reporting period by Iranian Government Trading Corporation (GTC).
Jamali added that it is expected that the guaranteed wheat purchasing in the province will last by the end of the 6th month of the current Iranian year (September 22, 2023), and a total of 800,000 tons of wheat will be purchased.
According to him, 495,000 tons of wheat were purchased from farmers in the Fars Province over the last Iranian year (March 21, 2022 through March 20, 2023),
Overall, 13 million tons of wheat are forecasted to be harvested in Iran for the current Iranian year (March 21, 2023, through March 19, 2024). Of that amount, 8-8.5 million tons are estimated to be purchased by Iranian Government Trading Corporation (GTC).
Meanwhile, last Iranian year, about 11.5 million tons of wheat were harvested in the country, of which 7.5 million tons were purchased by the GTC.
Last year, the price of 1 kg of wheat was set up at 115,000 rials (about $2.74), while, 1 kg of wheat is set at 150,000 rials (about $3.57) for the current season.
In total, wheat was planted on 5.95 million hectares of land in Iran in the current season. Of this, 3.96 million hectares accounted for dry-farming land, while 1.99 million hectares for ordinary agricultural land.
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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