Iran to buy 6.5 million tons of wheat from its farmers

Wheat

Iran

Published Jun 15, 2022

Tridge summary

The Iranian Ministry of Agriculture expects that guaranteed purchases of wheat from local farmers this year will amount to 6.5 million tons of the expected 9 million tons of harvest Due to the fact that the harvest season in Iran has just begun, purchases have already exceeded 3 million tons, the national broadcaster reported Sohrab Sohrabi, manager of the Ministry of Wheat Production, reports the kayhan.ir portal. “It is predicted that 6.5 million tons of wheat will be purchased from local farmers this year,” the official said, adding that this is 30 percent more than guaranteed purchases for the same period a year ago. Guaranteed wheat purchases are a key element in Iran's drive to become self-sufficient in a strategically important food item. However, the former government's unwillingness to raise prices in line with inflation turned many wheat producers away from selling their produce to the state. As a result, over 3 million tons of wheat worth $3.8 billion had to be imported in 2020.

Original content

Iranian Ministry of Agriculture expects guaranteed purchases of wheat from local farmers this year will amount to 6.5 million tons of the expected 9 million tons of crop With the harvest season just beginning in Iran, purchases have already exceeded 3 million tons, Sohrab Sohrabi, the ministry's wheat production manager, told the national broadcaster, kayhan.ir reports. “It is predicted that 6.5 million tons of wheat will be purchased from local farmers this year,” the official said, adding that this is 30 percent more than guaranteed purchases for the same period a year ago. Guaranteed wheat purchases are a key element in Iran's drive to become self-sufficient in a strategically important food item. However, the former government's unwillingness to raise prices in line with inflation turned many wheat producers away from selling their produce to the state. As a result, over 3 million tons of wheat worth $3.8 billion had to be imported in 2020. In fiscal 2021, Iran faced a 30 ...

Source: Zol