EghtesadOnline: Iran needs to import 3.5 million tons of wheat by May 21 and a letter of credit (LC) has been issued to this end, according to the head of Federation for Iranian Food Industries Associations.
EghtesadOnline: Wheat imports stood at 3.6 million tons worth $1.2 billion since the beginning of the current fiscal year on March 21, up until Nov. 6, registering a 60% rise in volume and 92% growth in value compared with the similar period of last year.
EghtesadOnline: The government may decide to remove certain commodities from the list of imports entitled to subsidized dollar at the rate of 42,000 rials, but it is certain that wheat and medicines will remain in the list until the end of the current fiscal year (March 2022), says the head of parliament’s Budget Reform Committee, Mohsen Zanganeh.
EghtesadOnline: Iran needs to buy a record 8 million tons of wheat in the current season, Iranian industry sources said, after its domestic crop was hit by drought.
EghtesadOnline: The government has bought 4.7 million tons of wheat worth 230 quadrillion rials ($839 million) from farmers across the country, which show a 37% decline compared with last year’s guaranteed purchases over the similar period, the head of the National Wheat Farmers Foundation said on Friday.
EghtesadOnline: The Government Trading Corporation of Iran plans to purchase a total of 10 million tons of wheat from local farmers at guaranteed prices in the current crop year (Sept. 2020-21).
EghtesadOnline: Close to 4.5 million hectares have so far gone under wheat cultivation this year, more than 1.27 million hectares of which are irrigated and 3.21 million hectares are rain-fed, showing a 7.4% and 3.7% increase respectively compared with the similar period of last year, according to the manager of the Agriculture Ministry’s “Wheat Project”.
EghtesadOnline: The Government Trading Corporation has bought 8.22 million tons of wheat worth 207.8 trillion rials ($755 million) from local farmers across the country in the current fiscal year (started March 20), which indicates a 7% increase compared with the similar period of last year.
EghtesadOnline: A total of 6 million tons of wheat worth 140 quadrillion rials ($577.32 million) have been purchased from local farmers in all 31 Iranian provinces in the current fiscal year (started March 20), a deputy minister of industries, mining and trade.
EghtesadOnline; Domestic demand for wheat in Iran currently amounts to 12 million tons per year, according to CEO of the National Foundation of Elite Farmers Ali Khan-Mohammadi.