Iraq Raises Grain Prices

Iraq has increased prices it pays to its wheat, barley and rice growers, reports Azzaman.

Kareem Elaywi, a parliamentarian in the Water and Agriculture Commission, said farmers shipping their produce to government silos will receive 900,000 dinars for a ton of wheat, 750,000 dinars for a ton of barley and 1 million dinars for a ton of rice.

He said the new rates were intended to encourage farmers to increase their cultivated areas and yields at the same time.

Last year's harvest was the biggest since the 2003 invasion, with 3.2 million tons of wheat shipped to government silos.

Iraq imports more than 5 million tons of food every year just to cover its state-run food rationing system.

(Source: Azzaman)

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