Iran says it has 4 million tons of wheat in strategic reserves
Iran has set aside about 4 million tons of wheat as a strategic reserve, equivalent to roughly three to four months of domestic consumption, the head of the state-run Government Trading Corporation said.
Saeed Rad, chief executive of the Government Trading Corporation of Iran, a subsidiary of the Agriculture Ministry responsible for state purchasing, imports and strategic stockpiles of staple goods, said the reserves had been secured through a combination of domestic production and imports.
He said Iran bought 7.7 million tons of wheat from local farmers this year under a guaranteed purchase scheme, with the remainder of national demand met through imports.
The comments come as Iran’s parliament approved a five-year pilot plan aimed at supporting agricultural production and increasing the resilience of food supply in wartime and emergency conditions, passing the measure with 207 votes in favor on Sunday.
The plan was reviewed under Article 85 of Iran’s constitution and comprises 27 articles, according to parliamentary statements.
