Iran Wheat Consumption to Drop With Subsidies Cut, Donya Says
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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.