June 28, 2024

Iran buys 4.77 million tonnes of wheat from local producers since April

Iran has purchased some 4.77 million tonnes of wheat worth over $1.63 billion from domestic producers since April under the framework of a national plan that guarantees the purchase of domestic production of the crop.

According to data released by the Government Trading Corporation of Iran, the figure is 200,000 tonnes more than that of last year's corresponding period.

The government has so far paid over $500 million to farmers.

Iran's wheat harvest is currently underway in 25 provinces and will continue until late September.

The southwestern province of Khuzestan has been the top province in the supply of wheat at 1.6 million tonnes, followed by the provinces of Golestan, Fars, and Ilam which ranked second to fourth respectively, an official said.

Wheat production in Iran has increased by 6% in 2023, putting the country in 14th place among the world's top producers of the grain, according to the US Department of Agriculture (USDA)'s World Agricultural Production report.

Based on the said report, Iranian farmers managed to produce 14 million tonnes of wheat in the 2023 crop year, 800,000 tonnes more than the figure for the previous year in which the total production stood at 13.2 million tonnes.

According to USDA, Iran was the world's 13th largest wheat producer in 2022. It also predicted that the country will produce 14 million tonnes of wheat in 2024.

- Tehran Times