BAKU, Azerbaijan, August 3. From the commencement of the current wheat harvesting season in Iran (starting March 28, 2023) to August 1, 2023, the volume of wheat purchased from farmers in the Hamadan Province under a guarantee grew by 9 percent in comparison to the same period in the previous season, Director General of Iran’s Government Trading Corporation’s branch in Hamadan Province Hossein Khansari said, Trend reports.
Khansari said that within the specified time, under a guarantee, approximately 315,000 tons of wheat worth approximately 52.2 trillion rials (around $1.24 billion) were acquired from farmers in Hamadan Province.
Nearly 289,000 tons of wheat were purchased in the province with a guarantee during the same time period of the previous Iranian year, he continued.
Approximately 12,900 tons of the province's wheat harvest, 9,780 tons by Iran's Association of Flour Producers, 149,000 tons by the private sector, and 143,000 tons by the Central Union of Rural and Agricultural Cooperatives of Iran were purchased, he claimed.
Overall, 13 million tons of wheat are forecast 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 the 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 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 were ordinary agricultural land.
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