Iran Economy NewsIran wheat consumption to drop with subsidies cut, Donya...

Iran wheat consumption to drop with subsidies cut, Donya says

-

Bloomberg: Iran’s domestic wheat consumption is expected to drop to 6.4 million tons in the current Iranian year from 8.7 million the previous year, following a cut in subsidies in December, Donya-e-Eqtesad reported, citing Deputy Commerce Minister Hamid Alikhani.

Bloomberg

By Ladane Nasseri

Iran’s domestic wheat consumption is expected to drop to 6.4 million tons in the current Iranian year from 8.7 million the previous year, following a cut in subsidies in December, Donya-e-Eqtesad reported, citing Deputy Commerce Minister Hamid Alikhani.

The government paid some 40 trillion rials ($3.8 billion) a year in bread subsidies, Alikhani said, according to the Tehran- based newspaper. The start of a five-year plan to phase subsidies including on wheat will increase competitiveness in flour and bread production and reduce bread waste, he said.

Based on February 2010 figures, each Iranian consumes about 8.7 kilos of bread a month and some 104 kilos a year, he told the newspaper.

Latest news

What Is Happening in Iran?

Following the brutal killing of Masha Amini, the Iranian people have once again united to fight and defeat the...

Iran Regime’s Ministry of Culture’s Decision To Eliminate Children’s Intellectual Centers

With the so-called ‘Cultural Revolution’ which took place between 1980 and 1983, the Iranian regime tried to purge the...

Water Shortage Crisis and the Destruction of Iran’s Water Resources

Iran is currently suffering from a number of dangerous natural disasters. One of the most worrying is the drying...

Economic Freedom Under the Rule of the Mullahs in Iran

The Fraser institute published its annual report of the index of economic freedom on September 8, which measured the...

Iran’s Regime Continues Its Internet Restriction Project

This is part of the outlook of a document by the Iranian regime’s Supreme Council of Cyberspace, which has...

Iran’s Human Development Index Dropped Sharply

One of the most common questions asked in primary schools by teachers all over the world is, “wealth or...

Must read

Analysts surprised by alleged Al Qaeda in Iran tie in Canada plot

Los Angeles Times: Police in Canada said Monday that...

Secular challenger claims victory in Iraq election

AP: A jubilant Ayad Allawi claimed victory for his...

You might also likeRELATED
Recommended to you