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Iran’s domestic wheat purchases top 7m tons: GTC
The Chief Executive Officer of the Government Trading Corporation (GTC) of Iran said that wheat purchases from domestic farmers has reached 7.297 million tons since purchases began in late April.
Saeid Rad said on Sunday that wheat purchases have exceeded the entire purchases of the crop in the April-July period last year, when the GTC bought 7.2 million tons of wheat under its guaranteed purchase plan, IRNA reported.
Rad noted that the value of the wheat purchased this year has exceeded $2 billion.
He said that GTC’s domestic wheat purchases have increased by 27% year-on-year in April-July, 2023.