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FinancialNews


  • 13-01-20

    Agricultural machinery witness invests of USD 357 million

    (MENAFN)The head of Iran's Agricultural Mechanization Development Center (AMDC) declared that since the beginning of the recent Iranian year (March 21, 2019) more than USD 357 million has been invested in the field of agricultural machinery.

    Based on a report by IRNA, domestic producers contribute to 95 percent of Iran"s required agricultural equipment, said Kambiz Abbas.

    He also included that "in the last Iranian year, 13,100 tractors and 300 combine harvesters were received by the country's farmers".

    Criticizing the current rise in the price of agricultural machinery, Abbas stated "in the past year, the prices of domestically produced agricultural machinery witnessed an increase of between 50-85 percent while the increase in the prices of imported machinery was even higher".

    MENAFN1301202000450000ID1099543261

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