BAKU, Azerbaijan, July 16. The amount of wheat purchased from farmers in Iran’s North Khorasan Province under a guarantee since the beginning of the current wheat harvesting season (started March 28, 2023) decreased by 3.3 percent, compared to the same period in the last season, Director General of Iran’s Government Trading Corporation’s branch in North Khorasan Province, Ahmad Namvar said, Trend reports.
According to Namvar, 70,600 tons of wheat have been purchased from farmers under a guarantee in the province within the mentioned period, while the figure stood at 73,000 tons in the same period last season.
The director general added that in total, 83,000 tons of wheat are expected to be purchased from farmers under a guarantee in the province by the end of current season.
“Last year (March 21, 2022 through March 20, 2023), 108,000 tons of wheat were purchased from farmers in the province. In the current year (March 21, 2023 through March 19, 2024), there is a decrease in the purchase of wheat due to drought," he said.
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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