BAKU, Azerbaijan, July 2. The amount of wheat purchased from local farmers in Iran under a guarantee since the beginning of the current wheat harvesting season (started March 28, 2023), increased by 28 percent - in other words, 1.1 million tons compared to the same period of the previous season, Trend reports.
According to the report of Iranian Government Trading Corporation (GTC), over 5 million tons of wheat were purchased from local farmers under a guarantee within the mentioned period.
So far, the largest amount of wheat was purchased in Khuzestan Province - 1.77 million tons, Fars Province - 808,000 tons, and Golestan Province - 498,000 tons.
The value of purchased wheat was more than 843 trillion rials (about $20 billion dollars). So far, about 506 trillion rials (about $12 billion) has been paid to farmers for wheat purchased, which is 67 percent of total amount.
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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