According to the manager of the Agriculture Ministry’s “Wheat Project” Sohrab Sohrabi, the reason for the rise is that the government increased its guaranteed purchase prices by 130% last year.
The Agriculture Ministry reduced the prices of inputs, including fertilizers and pesticides, by 50%. These measures encouraged farmers to cultivate staple grain on their land, he said, Financial Tribune reported.
Considered a staple in Iran, wheat is purchased every crop year by the government to build up its reserves and supply the market over time.
MNA/PR
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