By John Lee.
The general manager of the Grain Board of Iraq, Saad al Hamdinee, has reportedly told a conference in London that Iraq is expected to produce 3.5 million tonnes of wheat this year.
According to a report from Reuters, he said this was in accordance to our plans put in place over the last two years to improve the country's self sufficiency.
Bloomberg reports that Iraq is in talks with international inspection companies about the classification of locally grown wheat for sale overseas, as it intends to become a net exporter of wheat by 2017.
No details were provided about how it plans to achieve this increase; Iraq currently consumes 4.5-to-4.6 million tonnes of wheat a year, and has lost about 1.7 million tonnes/year of capacity to the Islamic State (IS, ISIS, ISIL).
(Sources: Reuters, Bloomberg)
(Wheat image via Shutterstock)