The Chief Executive Officer of the Government Trading Corporation (GTC) of Iran says that wheat purchases from domestic farmers in Iran has reached 7.297 million metric tons (mt) since purchases began in late April.
Saeid Raad said on Sunday 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 mt 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.