Tuesday, October 23, 2012

October 23, 2012, Iran plans to reduce wheat purchases


October 23, 2012, Iran plans to reduce wheat purchases
Iran plans to reduce wheat purchases in the new season. This conclusion makes United Nations experts of Food and Agriculture Organization, according to terms of grain crops reserves, which this year is quite high.
FAO Experts estimate, Arab country wheat imports will fall in 2012-2013 by 10% compared to last season. Last year, Iran's wheat procurement was 1.7 million tons.
High international prices forced many countries to establish grain strategic reserves. Iran is among those countries. In addition, the Iranian government is trying to ensure domestic food security.
Wheat production in Iran in the current season may reach 13.8 million tons. The crop volume produced last year, relatively less by 2% than current one.

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