Iraq Buys 250,000t of Wheat from Russia

The Iraqi Grain Board has reportedly bought 250,000 tons of wheat from Russia.

Aswat Al Iraq says the purchase was made following a bid to buy 500,000 tons of wheat, which was closed last week.

According to Russia Today News Agency, the shipments will be made between 1st and 31st July, 2013, and delivered in August-September.

Iraq bought the wheat in four shipments from four trading companies, at costs of $318.82, $319.69, $325.15 and $328 per ton, including shipping.

Iraq is expected to lose 25-30% of its wheat production this year due to heavy rains in south of the country.

(Source: Aswat Al Iraq)

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