5/14/2019 12:00:00 AM - 14:59
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USDA Forecasts Growth in Iranian Wheat Output
Iran is estimated to produce 14.5 million tons of wheat during the fiscal 2018-19 (US local marketing year), to indicate a 3.57% rise compared with the year before, the United States Department of Agriculture's latest report shows.
Financial Tribune
The report forecasts Iran’s wheat production to increase to 16.8 million tons in 2019-20.
USDA has put Iran’s wheat stocks at 6.31 million tons in 2018-19, down by 21.69% compared with the previous fiscal. It forecasts the figure to decline further to 6.21 million tons during 2019-20.
Iran’s total wheat consumption was put at 15.9 million tons for the fiscal 2017-18, which is estimated to increase to 16.1 million during 2018-19 and rise further by 1.86% to reach 16.4 million tons in 2019-20.