Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Latest News

Iran to buy up to 2 million tons of wheat

byCustoms Today Report
20/06/2015
in Latest News
Share on FacebookShare on Twitter

TEHRAN: Iran will buy 1.5-2.0 million metric tons of wheat in the current fiscal year to March 2016, Deputy Agriculture Minister Ali Qanbari said on Saturday.

Better harvest is helping Iran reduce wheat imports which surpassed 6 million tons last year, he said.

You might also like

Punjab revises property valuation rates to attract UAE & Gulf investors

05/05/2026

PTBA urges FBR to halt default surcharge on Super Tax amid legal concerns

05/05/2026

Imports are expected to decline by two-thirds this year, Qanbari said, adding domestic wheat production is estimated to reach 11 million tons.

Iran expects to buy 7.7 million tons of wheat from local producers — 1 million ton more than the total bought a year before.

Qanbari said the country will need 9 million tons of bread making wheat and another 2 million tons for pasta making in the current fiscal year.

“For the 9 million-ton bread making flour, about 7.7 million tons will be bought from local farmers for distribution among bakers and the remaining 2 million tons will be purchased from abroad,” he said.

Iranian wheat growers also keep some of their crop to be utilized for own consumption and seed.

Qanbari named Russia, Kazakhstan, Ukraine, Germany, Australia and Canada as the countries from which Iran will buy wheat.

The government has so far bought 3 million metric tons of wheat from local farmers since the start of the crop year.

Iran is one of the world’s biggest importers of milling wheat. The country experienced a short period of self-sufficiency a couple of years ago, but reclined back to its old trend in the face of a protracted drought.

Agriculture Minister Mahmoud Hojjati says the government plans to shrink wheat farms by 900,000 hectares over a period of 10 years and dedicate them to canola harvest which is less water intensive.

Related Stories

Punjab revises property valuation rates to attract UAE & Gulf investors

byCT Report
05/05/2026

LAHORE: The Punjab government has started revising property valuation rates across multiple districts in an effort to attract foreign investment,...

PTBA urges FBR to halt default surcharge on Super Tax amid legal concerns

byCT Report
05/05/2026

LAHORE: The Pakistan Tax Bar Association (PTBA) has urged the Federal Board of Revenue (FBR) to immediately instruct its field...

FTO dismisses Rs70m tax evasion complaint

byCT Report
05/05/2026

LAHORE: The Federal Tax Ombudsman (FTO) has dismissed a complaint involving alleged tax evasion of over Rs70 million, reiterating that...

FBR waives penalties on Rs8.77b tax liability of PIA

byCT Report
05/05/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has announced a waiver of penalties and default surcharge on tax liabilities amounting...

Next Post

Turkish Stream pipeline to help Greece service its debt: Putin

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.