date:Aug 08, 2013
In June 2013, the Central Bank of Iran allocated IRR 70 trillion (USD 5.7 billion on the official rate of IRR 12 260 per dollar) for buying wheat from domestic farmers, reports the FAO.
In the current season the Government increased the guaranteed purchase price of wheat from IRR 7 200 to IRR 8 000. As of end of July 2013, about 3 million tonnes of wheat were purchased domestically.
Wheat and barley are the main crops cultivated during the winter period. While wheat is the dominant cereal in t