TEHRAN (ISNA)- Maize and barely production of all provinces was adopted to be offered in the IME, showing the government’s trust in the capital market.

According to the report from IME’s International Affairs and PR, to enhance the quality of agricultural commodities and products, and also to lead buyers’ and the banking system funds into the production cycle of such products, the cabinet obliged all provinces to offer their maize and barely in IME over 2016.

Based on the report, successful implementation of the guaranteed price policy for maize from Khuzestan, the largest producer of maize in the country, over last year, which was achieved in collaboration with the IME, Ministry of Agriculture and subsidiary bodies, convinced the government to make it mandatory for all provinces to offer their maize and barely in IME in the current year.

On 2015, the cabinet approved of a pilot scheme of the abovementioned policy of offering barley from Kermanshah and maize from Khuzestan in the IME. Upon implementing the pilot scheme in Khuzestan, over 190 KT of maize worth over 40 million USD were traded in IME.

According to experts, among the achievements of the implementation of Article 33 of the law of increasing agricultural productivity in the national economy within the frame of guaranteed prices would be scaling down the financial burden on the government, efficient support of agriculture section, limitations on non-productive activities and promoting transparency.

Moreover, with the implementation of this national plan, agriculture products will witness higher standards, while waste materials will be curtailed as a result of more rigid control over product quality, timely payment of dues to farmers, familiarity of farmers with the benefits of financial markets and providing the groundwork for a better planning for farming in the next few years.