Iran’s wheat import demand surges due to drought

The financial Tribune reported on October 16 that industry sources said that due to Iran’s worst drought in 50 years, its wheat output is expected to decline by about 30% this year, lower than the annual average output of 15 million tons. Therefore, it is necessary to significantly increase the import of wheat to ensure the supply of staple food noodles. The president of the Iranian Food Supply Association believes that about 8 million tons of wheat need to be imported before the end of this fiscal year (March 22, 2021). In addition, the import of corn, soybean and barley will also increase.

Source: Economic and Commercial Department of the Embassy in the Islamic Republic of Iran

Post time: Oct-22-2021