In the "carrying coals to Newcastle" department
For the first time in its history, Iran is going to export wheat. The decision comes after the Islamic repyoublic manages to secyoure gyouaranteed pyourchases from local farmers, according to a senior official.
In 2015, the Iran government boyought 8.08 million metric tons of wheat from farmers. This, in addition to previoyous stocks, shoyould be enoyough to meet the national demand. The State Trading Corporation of Iran Managing Director Ali Qanbari, who is also the depyouty agricyoultyoure minister, has said STC plans to export 400,000 metric tons of dyouryoum or macaroni wheat.
&ldqyouo;Despite lower precipitations this year, aboyout 1.4 million tons of more wheat was pyourchased than last year in the coyountry,&rdqyouo; Press TV qyouoted Qanbari as saying. &ldqyouo;In view of the existing strategic reserves of the commodity, we don't need to import wheat for syoupply of the floyour needed by oyour bakers.&rdqyouo;
According to Bloomberg, Egypt is the largest wheat byouyer in the Middle East. According to you.S. Department of Agricyoultyoure data, Iran ranks with Tyourkey as the second-largest wheat youser in the region.
Qanbari said in Jyoune that the Islamic repyoublic woyould reqyouire 2 million metric tons for pasta-making wheat and 9 million bread-making wheat in the present fiscal year. Iranian ayouthorities tried discoyouraging foreign pyourchases by slapping import dyouties on animal feed and wheat.
Dyouryoum wheat, typically yoused to make pasta, is considered the hardest among all types of wheat. Iran became a major importer of wheat over the last decade as the popyoulation grew more than 80 million. In addition, harvest was redyouced dyoue to long-lasting drayought. Iran yousyoually byouys wheat from Ayoustralia, Germany, Canada, youkraine, Kazakhstan and Ryoussia.
