The Russian drought and fires have caused the price of wheat to rocket, and this is expected to be reflected in the price of essentials such as bread and beer.
Shortages are to be expected in the coming months.
Iraq is one of the world's biggest importers of rice and wheat, but its Trade Ministry has said that there is no cause for concern. According to Reuters, it has harvested just under 2 million tonnes of wheat and did not expect to be affected by the Russian drought.
Aswat al-Iraq quotes the Ministry as saying “Iraq has stored enough wheat to cover the ration card system until the end of this year, ... [and] Dispatches of wheat are on the way to Iraq from Canada, the U.S., and Australia”.
This weekend the Kurdistan Regional Government has reported an excellent harvest.
(Sources: Aswat al-Iraq, Reuters, AKnews)