Archive | Agriculture

Iraq Business News brings you the latest news on developments and opportunities in Iraq agriculture.

Trade Ministry to Import 209,000 Tons of Rice

The Iraqi Trade Ministry announced on Wednesday that it signed four contracts to import 209 thousand tons of rice from the U.S, Pakistan, Vietnam, and Thailand. “Contracted FOB per ton prices varies from $423 to $534,” the Ministry said in a release on Wednesday received by Aswat al-Iraq news agency. Iraq consumes more than 90 […]

Vegetarian Oil Company Increases Production

The state-run Vegetarian Oils Company has achieved a 25 percent increase in its production in January 2010, compared to the previous month, the Iraqi Ministry of Industry and Minerals said on Tuesday. According to a statement received by Aswat al-Iraq news agency, “The Company’s sales reached 4.09 billion Iraqi dinars (ID) in January 2010, 31 […]

Australians Agree Payout over Bribes

Australia’s AWB wheat firm agreed on Monday to pay 39.5 million Australian dollars (35 million $US) to settle a class action for bribing the regime of former Iraqi president Saddam Hussein to secure lucrative deals. The former monopoly exporter will make the payment, including interest and costs, to more than 1,000 shareholders and farmers who […]

Iraq Allows the Purchase of Sugar Without Tenders

Iraqi Council of Ministers authorized the Minister of Commerce to buy sugar directly from suppliers without the need for competitive bidding. The Council did not give the reason behind this decision in the statement issued. It said that the conditional mandate is not to increase the price paid for the world market prices. Iraq consumes […]

Iraq Buys 700,000 Tons of Wheat in Tender-trade

Iraq has finalized deals to buy at least 700,000 tons of Canadian, U.S, German, Russian, and Australian wheat from major suppliers in one of the bigger purchases in recent years, trade sources said on Wednesday. The purchase, which still requires the cabinet’s approval, involved at least 300,000 tons of Canadian wheat from two suppliers, one […]