Iraq Business News brings you the latest news on developments and opportunities in Iraq agriculture.
Wheat prices surged on Wednesday after Iraq said it bought 400,000 metric tons from the U.S., Australia, Russia, Romania and Kazakhstan. The contracts are for delivery in July and August, a spokesman for the grain board told Bloomberg. (Sources: Bloomberg, Reuters)
The University of Mosul has signed a Memorandum of Understanding (MoU) with Northern Ireland's Agri-Food and Biosciences Institute (AFBI) to increase collaboration and student exchange in areas such as food sciences. AFBI provides expert diagnostic and analytical testing services to the Northern Ireland agri-food industry, and to clients abroad, and the Belfast Telegraph reports that […]
Australia will make an initial investment of $2.5 billion in Iraq's agriculture sector, according to a report from AKnews. Lyndall Sachs (pictured), Australia's Ambassador to Iraq, made the statement during a joint press conference with Wasit Governor, Mahdi al-Zubaidi. The government will start with soil reclamation projects in Wasit, Dhi Qar, and Diwaniya provinces, and […]
Reuters reports that Iraq has bought 300,000 metric tons of wheat and 150,000 tons of rice According to Hassan Ibrahim, Director General of the Iraqi Grain Board, the rice was all from Thailand, while the wheat was: 150,000 tons from Australia; 100,000 tons from Canada; and, 50,000 tons from Kazakhstan. (Source: Reuters)
Plans have been announced to build a modern abattoir outside Kirkuk City at a cost of $5 million (6 billion Iraqi dinars), according to AKnews. Falah al-Bazzaz, Chairman of Kirkuk Investment Commission, said the project is the first of its kind and will be built on a site of 40 acres. The development will also […]
Najaf Investment Committee has approved ed four new investment licences in the areas of tourism, agriculture and entertainment, worth a total of $ 78.7 million (91.7 billion IQD): an agricultural project to create an integrated farm that includes the cultivation of palm trees, olive trees and seasonal crops in addition to housing livestock of all […]
Iraq's Ministry of Agriculture will cultivate six million doumns [1.5 million hectares] of land to produce 48 percent of the country's wheat demand, according to AKnews. This is the equivalent of 2.2 million tons of wheat, said general director of investment projects at the ministry Sabah Dar'e. Iraq requires more than four million tons of […]
Iraq plans to buy 30,000 metric tons of basmati rice from India and Pakistan, according to a report from Bloomberg. Fawziyeh Hameed, a spokeswoman for the Trade Ministry, told the news agency that the deadline for suppliers to submit bids is April 22. Bids should be valid until April 26. Iraq reportedly bought 53,000 tons […]
By Layth Mahdi, Agricultural Advisor. The opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi people are like a camel eating grass and carrying gold! Despite the huge oil budget (more than $100 billion/year), poverty and unemployment are the major issues facing the Government of […]
Iraq plans to produce 4.5 million tons of wheat, and substantial increases in other cereals, according to a report from Azzaman. This would mean the country would meet its domestic requirements of around 3.5 million tons, with a 1 million ton surplus available to export. The Undersecretary at the Agriculture Ministry, Ghazi al-Aboudi, said the […]
The Iraqi Agriculture Ministry has reportedly 'demanded' that the ministries of planning and finance increase the Palm General Authority's allocations from 4bn to 8bn IQD ($3.4m to $6.8m) to ensure the success of the annual plan for the development of palm groves. According to AKnews, Kamel Mukhlab, the director general of the authority, said they […]
Payment for wheat exports to Iraq in the late 1980s will finally be distributed to growers in Australia, according to a report from Weekly Times Now. Grain growers will share in about $48m in repayment of debt owed by Iraq relating to three wheat pools run by the former Australian Wheat Board, and affecting 52,000 […]
