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

 Statistics show that New Year accidents’ deaths in Iran reached 585

Ahmad Shirani, the head of the Information and Traffic Control Center of the Iranian regime’s police, announced that the...

Land Subsidence in Critical Conditions in Isfahan

Mehdi Toghyani, a member of the Iranian regime’s Majlis (parliament), pointed to the occurrence of land subsidence in various...

Iran’s Actual Inflation Rate Higher Than Official Stats

The state-run Donya-e-eqtesad newspaper, in a report analyzing the "general sentiment" regarding inflation in 2023, has stated that households...

Iranian Workers’ Monthly $136 Wages Can’t Cover $500 Expenses

The lives of a significant portion of the Iranian population are marked by uncertainty, largely because the Iranian economy...

Iranian Nurses Earn Twice Their Wages in Ride-Hailing Services

Reza Aryanpour, a member of the regime’s Majlis (parliament) Health and Treatment Commission, highlighted the growing trend of nurses...

Iran: Unprecedented Record of 152 Million Liters of Gasoline Consumption Per Day

On March 19, Iran set a new historical record in gasoline consumption with 152 million liters consumed in one...

Must read

Russia’s security chief arrives in Iran capital for talks

Iran Focus: Tehran, Iran, Jan. 28 – Russia’s security...

Iran: Corruption in Ministry of Education

Iran Focus London, 26 October - Iran’s Ministry of Education...

You might also likeRELATED
Recommended to you