Tag Archives | Sugar

New Investment Opportunities in Iraq

By John Lee. The National Investment Commission (NIC) has announced new investment opportunities in Iraq: Sugar production, General Company for Food Products Tyre production, State Company for Rubber Industries and Tyres (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)

Etihad Food Industries wins Govt Contract

By John Lee. Iraq’s Etihad Food Industries will reportedly provide Iraq’s Ministry of Trade with 200,000 tonnes of sugar and 90,000 tonnes of vegetable oil. According to Reuters, the Ministry has also bought rice from Vietnam and wheat from Australia. (Source: Reuters)

Etihad Foods seeks long-term Iraq Sugar Deal

By John Lee. Reuters reports that Etihad Food Industries is looking to sign one- or two-year raw sugar importing contracts with large trading firms after its current contract with Alvean runs out in November. Haidar al-Noumany, Commercial Director, told the news agency that Etihad imported 1.047 million tonnes of raw sugar last year for its Babil-based […]

Iraq becomes Largest Middle-East Sugar Importer

By John Lee. Iraq has reportedly overtaken the United Arab Emirates (UAE) to become the largest raw sugar importer in the Middle East. GulfNews quotes an analyst at Platts Kingsman as saying that Iraq imported 210,000 metric tons of raw sugar in the first quarter, compared with 156,600 tons imported by the UAE. Iraq’s only […]

New $100m Edible Oils Plant to Open end-2016

By John Lee. Iraq’s Etihad Food Industries will reportedly start production at its new $100-million edible oils refinery in Babylon by the end of the year. Commercial Director Haidar Alnoumany told Reuters that the company started building the infrastructure two months ago, and when in production it will source crude (edible) oil from many origins […]

Iraq may Export Sugar

By John Lee. The new Etihad sugar refinery in Babylon said on Thursday it had imported 850,000 tonnes of raw sugar since the start of operations earlier this year, according to a report from Reuters. The plant, which is currently operating close to full capacity of around 3,000 tonnes a day, will see expansion work […]

Iraq Imports more Raw Sugar

By John Lee. Iraq is increasingly importing raw sugar instead of white, as a new sugar refinery has ramped up production faster than expected, according to Reuters. Ir is estimated that the Babylon refinery south of Baghdad, which serves the domestic market, had imported around 375,000 tonnes of Brazilian raw sugar in the past six […]

Dubai Sugar Refinery Resumes Shipping to Iraq

By John Lee. Dubai’s Al Khaleej Sugar Refinery has resumed exports to Iraq after disruption last summer due to the conflict with Islamic State (IS, ISIS, ISIL). The company is exporting about 600,000 to 800,000 tonnes a year to Iraq, making the country its biggest customer. “We have four vessels queuing in Umm Qasr. It […]

MOT Announces A New Sugar Tender

General Contracts Department / MOT hereby announce  for purchasing the quantity of 50 000 MT +/- 5% in minimum of white sugar from Brazil , Europe, United Arab Emirates . So for all bidders who are willing to participate in this tender ,please  visit the General Contracts Department in the head quarter of the Ministry […]

Integrity Commission Investigates Sugar Deal

A member of the Iraqi Parliament’s Integrity Commission has said that southern Iraq’s Basra Integrity Commission had opened an investigation about a government’s deal to purchase 100,000 tons of sugar at above the international market price. Aliyia Nuseif told Aswat al-Iraq news agency that “the Trade Ministry had signed a contract with Zahrat al-Jibal Company […]

Al Khaleej may sell Sugar to Iraq

Dubai-based Al Khaleej Sugar Co. is in talks to sell white, or refined, sugar to Iraq, said General Manager Cyrus Raja. “They are in dialogue with parties for buying sugar, including Al Khaleej,” Raja told Bloomberg. According to Sucden Financial, Iraq is in the process of buying 150,000 metric tons of white sugar from private […]