Iraq Business News brings you the latest news on developments and opportunities in Iraq agriculture.
The Australian ambassador to Baghdad, Lyndall Sachs (pictured), said her country supports the lifting of United Nation's Chapter VII sanctions on Iraq, a decision on which is expected to be made by the UN Security Council in June. Sachs said: "My country has good relations with Iraq, in particular [because] it received the largest Iraqi communities […]
Iraq's wheat crop is expected to decline further if rains do not arrive soon, according to a report from BlackSeaGrain. Although some small showers have helped the crop, wheat yields are already down by 11 per cent on the last seasons crop. If the rains do not arrive Iraq will most likely need to increase […]
The Iraqi Trade Ministry has reportedly signed a contract with the Egyptian company Arma for the purchase of 25,000 tons of vegetable oil. Hashem Hatam, the Foreign economic relations chief at the ministry, told AKnews that the oil will be distributed to civilians through the food rationing program. The quantity is sufficient for only three […]
The Iraqi Agriculture Ministry has announced plans to save 3.6 billion cubic meters of water by deploying 35,000 irrigation sprinklers during the next planting season, according to AKnews. Ministry spokesman Karim al-Tamimi said the sprinklers were distributed among all provinces in the country. Iraq has suffered from drought due to a lack of rainfall as […]
Iraqi Ministry of Agriculture has completed a $30 million deal to purchasing nine helicopters from a French company, according to AKnews. Kareem Tamimi, a spokesman for the ministry, said the deal was brokered initially two years ago, but did not mention the name of the company. The French company will deliver one helicopter every three […]
Rasun, part of the Vano Group, one of Iraq’s premier agriculture companies and the Ross GP distributor for Iraq, has announced an agreement to extend its Grandparent (GP) production base in order to meet the growing demand for Ross 308 Parent Stock (PS) and broilers in the country. Rasun has quickly become one of the […]
Iraq’s trade ministry bought 35 percent more rice from local producers in the last season, compared with the previous one, reports Bloomberg. Hassan Ibrahim, director general of Iraq’s Grain Board, told the agency that the ministry purchased 112,000 metric tons of rice from local producers at a price of 750,000 dinars ($643.78) a ton in […]
A Jordanian delegation will visit Iraq next week to discuss the possibility of opening new markets for Jordanian fruits and vegetables in Iraq, according to a Jordanian Ministry of Agriculture statement. The Jordan Times reports that members of the delegation, which will be headed by the ministry’s secretary general, Radi Tarawneh, will meet with Iraqi […]
Iraq plans to increase domestic wheat production by about 74 percent to 3 million metric tons by 2015, according to Saleh Hussein Jabur [Jabr], director general of state- owned Mesopotamia Seed Company. Bloomberg reports that the government intends to triple the annual quantity of wheat seed that it buys from local farmers to 180,000 tons […]
Reuters reports that a Japanese consortium is planning to build and operate a $2 billion fertilizer plant in Basra. Citing an article from Japanese business daily The Nikkei, they say the Japan International Cooperation Agency (JICA) will provide up to 150 million yen ($2 million) to Mitsui, Toyo Engineering Corp and Tokyo-based consulting firm Unico […]
Azzaman reports that Iraqi rice yields have dropped to 108,000 tons from an average 200,000 tons it used to produce annually, increasing the country’s reliance on imports. Iraq is estimated to have imported more than 1.5 million tons of rice last year. The country’s Grain Board said the year’s rice produce has already been shipped […]
KBR has announced that it has been awarded a contract by First Global Company to revamp the North Fertilizer Plant in Baiji [Beiji, Bayji], Iraq. Under the terms of the contract, KBR will provide a license for its proprietary Ammonia Process and related engineering services to increase the plant capacity to 120 percent of the […]
