Iraq Business News brings you the latest news on developments and opportunities in Iraq agriculture.
By John Lee. Iraq has bought about 80,000 tonnes of rice from Thailand. Reuters reports that the deal was agreed at a price of of $443.90 per tonne, including cost, insurance and freight free out (CIFFO). (Source: Reuters) (Rice image via Shutterstock)
By John Lee. Dubai's Al Khaleej Sugar Refinery has resumed exports to Iraq after disruption last summer due to the conflict with Islamic State (IS, ISIS, ISIL). The company is exporting about 600,000 to 800,000 tonnes a year to Iraq, making the country its biggest customer. “We have four vessels queuing in Umm Qasr. It […]
By John Lee. The Belarusian company Minsk Tractor Works (MTZ) has said it is ready to supply both assembled tractors and assembly kits to Iraq, and it is now looking for partners in the country. A spokesperson for the company told the BelTA news agency that an Iraqi delegation led by President of the Federation […]
By John Lee. Mississippi’s congressional delegation has asked Secretary of State John Kerry to help encourage Iraq to buy more US-produced rice. According to a report from Clarion Ledger, they have asked for diplomatic assistance to improve trade relations with the Iraqi Grain Board (IGB), which is expected to soon begin accepting bids on a […]
By John Lee. India's Economic Times reports that Iraq has doubled the import duty on rice to 40 percent. An official from the All India Rice Exporters' Association (AIREA) told the news agency that the sudden increase in import duty by Iraq has come as a major blow and it is bound to impact exports […]
By John Lee. The Iraqi Grain Board has bought 200,000 tonnes of hard wheat from Canada, the United States and Australia, Reuters reported on Monday: 100,000 tonnes of Canadian wheat, from trading house Richardson at $331.65 a tonne c&f free out (ciffo); 50,000 tonnes of US wheat, from trading house Archer Daniels Midland (ADM) at $333.87 […]
By John Lee. The USA Rice Federation has announced that that "after being passed over" in the previous Iraqi rice tender, U.S. rice has been awarded 120,000 MT of long grain in the current tender. USA Rice Federation President and CEO Betsy Ward said: "This is really great news for the entire U.S. rice industry […]
Wheat seeds, fertilizer and animal feed are starting to roll out to nearly 28,000 farming families in Iraq whose livelihoods have been left in tatters as a result of hostilities -- part of an effort from the UN's Food and Agriculture Organization (FAO) aimed at reinforcing food production and helping people recover. But the Organization […]
By John Lee. Iraq's Industry Ministry has invited three foreign companies to set up production facilities for agricultural tractors in Iraq. According to the report from Aswat Al Iraq, the terms of the deal would require the companies to source at least 40 percent of their parts from the state-owned Iraqi Mechanical Industries Company. The […]
By Omar al-Jaffal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Approximately 60% of the residents of the Salahuddin province, 175 kilometers (109 miles) north of Baghdad, work in farming. Salahuddin was ranked the top producing province in agriculture in 2012, and earned […]
UN World Food Programme Responds to Urgent Needs of Displaced People in Iraq The United Nations World Food Programme (WFP) is launching an initial emergency operation to provide food assistance to 43,500 of the most vulnerable people displaced by conflict this week in Iraq. WFP has deployed emergency and logistics staff to Erbil in the […]
By John Schnittker, Chief Economist at Schnittker Associates, and former Ministry Advisor at the US Embassy in Baghdad. With much of Iraq’s wheat production coming from Northern Iraq and nearly all of Iraq’s water resources flowing through areas under ISIS control, Iraq’s food security may be facing a severe threat. Iraq has about two thirds of […]
