BAKU, Azerbaijan, May 28. More than 100,000 tons of wheat are expected to be purchased by the Iranian Government Trading Corporation (GTC) from farmers in Iran’s Mazandaran Province under a guarantee for the current Iranian year (March 21, 2023 through March 19, 2024), Director General of the GTC’s branch in the province, Abbasali Vafayinejad said, Trend reports.
The director general said that wheat was planted on 58,000 hectares of land in the province in the current year, and it is expected that more than 176,000 tons of wheat will be harvested.
He added that 32 centers were established in Mazandaran Province for the guaranteed wheat purchasing from local farmers.
Vafayonejad also noted that 6,300 tons of rapeseed have been purchased from farmers in the province so far. Since the final price of rapeseed in the country has not been announced, 1 kg of rapeseed is currently estimated at 220,000 rials (about $5.23).
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 (March 21, 2022 through March 20, 2023), 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.
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