Iraq Increases Local Purchases of Rice

Iraq’s trade ministry bought 35 percent more rice from local producers in the last season, compared with the previous one, reports Bloomberg.

Hassan Ibrahim, director general of Iraq’s Grain Board, told the agency that the ministry purchased 112,000 metric tons of rice from local producers at a price of 750,000 dinars ($643.78) a ton in the 2011-12 season, up from 83,000 tons in 2010.

Iraq consumes about 1.25 million tons of rice a year, most of it imported.

(Source: Bloomberg)

Bloomberg

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