BAKU, Azerbaijan, June 7. The amount of wheat purchased from local farmers in Iran’s Khuzestan Province under a guarantee, has exceeded 1.7 million tons from the beginning of the current wheat harvesting season (started March 28, 2023) to June 3, 2023, Director General of Iran’s Government Trading Corporation’s branch in Khuzestan Province Omid Jahan Nejadian said, Trend reports.
“At present, the guaranteed purchase of wheat in the province continues and on average, about 1,000 tons of wheat are purchased from farmers daily,” he said.
Jahan Nejadian added that 26 trillion rials (about $619 million) has been paid to farmers in the last few days for the purchased wheat, bringing the amount of money paid to farmers so far to 168 trillion rials (about $4 billion).
Reportedly, wheat in the Khuzestan Province is purchased by the Central Union of Rural and Agricultural Cooperatives of Iran and the Government Trading Corporation (GTC) and the private sector.
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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