TEHRAN – The Chief Executive Officer of the Government Trading Corporation (GTC) Saeid Raad said on Sunday that Iran wheat purchases from domestic farmers has reached 7.297 million tonnes since purchases began in late April.
Raad said that wheat purchases had exceeded the entire purchases of the crop in the April-July last year when the GTC bought some 7.2 million tonnes of wheat under its guaranteed purchase program.
Raad noted that the value of the wheat purchased this year has exceeded $2 billion.
He said that GTC’s domestic wheat purchases had increased by 27% year on year in April-July.