The state-run Vegetarian Oils Company has achieved a 25 percent increase in its production in January 2010, compared to the previous month, the Iraqi Ministry of Industry and Minerals said on Tuesday. According to a statement received by Aswat al-Iraq news agency, “The Company’s sales reached 4.09 billion Iraqi dinars (ID) in January 2010, 31 […]
Iraq Business News brings you the latest news on developments and opportunities in Iraq agriculture.
Australia's AWB wheat firm agreed on Monday to pay 39.5 million Australian dollars (35 million $US) to settle a class action for bribing the regime of former Iraqi president Saddam Hussein to secure lucrative deals. The former monopoly exporter will make the payment, including interest and costs, to more than 1,000 shareholders and farmers who […]
Iraqi Council of Ministers authorized the Minister of Commerce to buy sugar directly from suppliers without the need for competitive bidding. The Council did not give the reason behind this decision in the statement issued. It said that the conditional mandate is not to increase the price paid for the world market prices. Iraq consumes […]
Iraq has finalized deals to buy at least 700,000 tons of Canadian, U.S, German, Russian, and Australian wheat from major suppliers in one of the bigger purchases in recent years, trade sources said on Wednesday. The purchase, which still requires the cabinet's approval, involved at least 300,000 tons of Canadian wheat from two suppliers, one […]