Iraq Receives Wheat and Rice from US and Australia

Iraq has taken delivery of 400,000 metric tons of wheat and 127,000 tons of rice, according to Hassan Ismail Ibrahim, director general of the country’s Grain Board.

Bloomberg reports that eight ships delivered the wheat from the U.S. and Australian suppliers, and four more boats unloaded rice imported from Thailand at the southern port of Umm Qasr.

The board signed 12 contracts in February to buy 850,000 tons of wheat from the U.S. and Australia.

Iraq plans to import 4 million tons of wheat this year, mainly from the U.S. and Australia, Trade Minister Khairallah Hassan said on 24th March. Local output of the grain is forecast to be 1.5 million tons this year.

Iraq produces about half of the grain it consumes and is seeking foreign investment in agriculture to help meet a target to be self-sufficient within three years, Agriculture Minister Ezzeddin al-Dawla said.

Please click here to see details of Iraq's current tender for rice.

(Source: Bloomberg)

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