Iran's domestic wheat purchases at 2.9 mln mt in April-May
Iran’s GTC says wheat purchases rose 34% y/y on April-May to 2.9 million mt.
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Iran’s GTC says wheat purchases rose 34% y/y on April-May to 2.9 million mt.
This is a year in which rain and hail in the months of March and April had given rise to serious concerns over the wheat harvest. A report says the government has procured 26 million tonnes. Its target was 34.15 million tonnes.
The Punjab Cabinet granted approval for wheat purchase policy for 2023- 2024 as the wheat purchase campaign will start from 10th of March.
Customs figures show basic goods imports into Iran dropped by 29% y/y in the six months to September.
Iran will purchase wheat at a price of $0.43 per kg from local farmers in the next harvesting season.