We focus on grains and food industry.
We focus on grains and food industry.
We focus on grains and food industry.
We focus on grains and food industry.
We focus on grains and food industry.
We focus on grains and food industry.
We focus on grains and food industry.
We focus on grains and food industry. current time
Iran to require wheat imports to meet demand
Through reliable sources, Iran is anticipated to substantially boost its wheat imports from the start of the calendar year until the end of March, primarily due to reduced domestic production caused by drought conditions and low government purchase prices.
Ataullah Hashemi, the head of the National Syndicate of Iranian Wheat Farmers, stated recently that the country’s wheat imports are expected to reach approximately 4.5 million tonne (mt) by the end of March.
He noted that domestic wheat production in Iran decreased by 5 mt, or 31 percent, resulting in nearly 11 mt annually from April to August. Additionally, he mentioned that government purchases of locally grown wheat, which was dropped by 4.4 mt, or 36 percent, to 7.6 mt during the same timeframe.
Hashemi indicated that the total value of wheat acquired from Iranian farmers this year was around 1,600 trillion rials, or equal to $1.74 billion.
The reduction in the domestic wheat yield was primarily attributed to drought conditions affecting arid regions throughout Iran, he explained, along with the fact that government purchase prices were lower than those in the free market.
In April, Iran’s agriculture ministry announced that the nation might need to import as much as 6 mt of wheat this calendar year to satisfy the increasing domestic demand for the grain. Last year, Iran invested over $3 billion to buy nearly 12 mt of wheat from its own farmers.
The record harvest has enabled the government to assert self-sufficiency in wheat production and minimize large imports from countries such as Russia.
However, the government said before that Iran will not import any wheat until March 2025 as it will rely on domestic production. In some years Iran had been self-sufficient, but droughts at other times have forced the country to import record high levels. Domestic output levels have been lower than the country’s need. That is why imports rose as high as 7 mt between March 2021 and March 2022, official sources said.
