PRESS Title : Iran to Export Wheat for the First Time
Visit Count : 1073 Time(s)
Press Time : 2 Year(s) ago
Source Name : Kayhan Internatinal News
Sunday, January 3, 2016 - Kayhan Internatinal News
Visit Count : 1073 Time(s)
Press Time : 2 Year(s) ago
Source Name : Kayhan Internatinal News
Iran bought 8.08 million tons of wheat from local farmers this year, 1.4 million tons more than last year, Ali Ghanbari, deputy agriculture minister, said on the Government Trading Corporation’s website. Durum wheat, used to make pasta, will be exported from the crop, he said.
"This year, despite a decrease in rain, thanks to the motivation of farmers and the support given to them, an additional 1.4 tons of wheat was purchased compared to last year,” Ghanbari said.
Iran ranks with Turkey as the second-largest wheat buyer in the Middle East, behind Egypt, the world’s biggest wheat importer, according to U.S. Department of Agriculture data.
Wheat prices in Chicago, the global benchmark, dropped 17% this year with production seen exceeding consumption for a third consecutive year, USDA data show.
Iran won’t need to import wheat because local supplies are sufficient, Ghanbari said in August. Stockpiles will be 8.3 million tons for 2015, compared with the average of 3.1 million for 2012 to 2014, according to the Food & Agriculture Organization.
Wheat production is estimated by the USDA to grow to 14 million tons from 13 million a year earlier with consumption rising to 18 million tons from 17.5 million.
Earlier this month, European traders said Iran’s state grains agency had offered to barter about 200,000 metric tons of locally-produced durum wheat with 250,000 tons of milling wheat, Reuters reported.
Citing European traders, Reuters said the Government Trading Corporation of Iran was offering to barter eight 25,000-metric ton consignments of durum for at least 1.25 times the volume of milling wheat.
Durum or macaroni wheat -- basically used for pasta-making -- is the hardest of all wheats, which is widely cultivated across the world.
In June, Qanbari said Iran would need 9 million metric tons of bread-making wheat and another 2 million metric tons for pasta-making in the current fiscal year.
In July, the Iranian government slapped import duties on wheat and animal feed barely in order to discourage purchases from abroad but there are unconfirmed reports that those tariffs have been lifted.
Iran has turned into a wheat importer over the past decade as the country has seen its population grow to over 80 million and a lingering drought sharply reduce harvest.
A self-sufficiency drive for wheat production is on the rocks amid the drought, which is putting strains on the country’s water reserves.
Russia, Kazakhstan, Ukraine, Germany, Australia and Canada are the countries from which Iran usually buys wheat.
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