The Iran Project
: The Iranian government has announced its prices for the guaranteed purchase of basic agricultural commodities in the next harvesting season.
Wednesday 18 September 2024 - 08:00
Story Code : 428394
Source : Press TV
Iran announces guaranteed purchase prices for agricultural commodities
The government will buy corn and barley at a price of 135,000 rials per kilogram next year while rapeseed, soybean, sunflower and camelina have been respectively priced at 410,000 rials, 430,000, 360,000 rials and 360,000 rials per kilogram, according to a report by Fars news agency.
Iran’s ministry of agriculture (MAJ) normally announces guaranteed purchases prices for basic commodities in late summers to encourage more farming activity in the country over the year that follows.
Experts say favorable prices announced last year in Iran was a reason for bumper harvest of certain crops this year.
MAJ figures released over the weekend showed that wheat purchases from domestic farmers had reached nearly 12 million metric tons this year, up 1.62 million mt or 16% from last year’s purchases.
The government budget allocated to wheat purchases this year has reached a whopping figure of 2,104 trillion rials ($3.56 billion).
Reporter : Editorial of The Iran Project
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