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 […]
Archive | Agriculture
Iraq Business News brings you the latest news on developments and opportunities in Iraq agriculture.
New Markets for Jordanian Produce in Iraq
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 […]
Tags: Jordan
Iraq to Increase Wheat Output by 74%
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 […]
Tags: food security, grain, Mesopotamia Seed Company, Mesopotamia State Company for Seed Production (MSCSP), Wheat
$2bn Japanese Fertiliser Plant for Basra
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 […]
Tags: Basra News, cement, Japan International Cooperation Agency, Japanese International Cooperation Agency, Japanese International Cooperation Authority, JICA, Mitsui, Toyo Engineering, Unico
Iraq’s Rice Harvest Drops to About 100,000 tons
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 […]
Tags: Grain Board, Rice
KBR to Revamp the North Fertilizer Plant in Baiji
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 […]
Need for Food Storage in Sulaimaniya
Food stocks in the governorate of Sulaimaniya are now less than two weeks according to Sirwan Mohammed, the head of Sulaimaniya Chamber of Commerce. He told AKnews that since last year his office has been demanding the government allocate land plots to the Chamber so that it can construct new storage units. He added that […]
Tags: food security, Sulaimaniya
$21m Silo Under Construction in Erbil
A new silo with a storage capacity of 60,000 tons of wheat is under construction in Erbil province, according to AKnews. An advisor to the Iraqi Kurdistan Regional Ministry of Trade and Industry, Faris Majid, told the news agency that the new project, worth $21 million, occupies a 70-acres site on the Erbil-to-Gwer road in […]
12 Dams to Save 20bn Cubic Meters of Water
Authorities in Iraqi Kurdistan are planning to build 12 dams in the semi-autonomous region in an attempt to save about 20 billion cubic meters of water per year, according to a report from AKnews. Currently, there are three main dams in the Kurdistan Region, two in Sulaimaniya province, and one in Duhok province, but these […]
Tags: Dams, Kurdistan News
KRG granted 1,500 Agricultural Loans in 2011
The Ministry of Agriculture and Water Resources of the Kurdistan Regional Government (KRG) gave loans to almost 1,500 individual projects in 2011, reports AKnews. Nuri Ismael, The Ministry's loans and marketing director, told the news agency that the agricultural banks in Sulaimaniya, Erbil, and Duhok provinces as well as Garmiyan area have given a total of […]
Iraq Opportunity: Food Testing Labs
Iraq's National Investment Commission (NIC) has announced an investment opportunity to establish new Foodstuff Testing Laboratories at the border crossing points. The labs will control all foodstuffs entering Iraq, and should be constructed according to special specifications that ensure the safe storage of all kinds of foodstuffs. They will be constructed according to investment law […]
Olive Processing Factory in Kurdistan
AKnews reports that an Italian company is planning to set up an olive processing factory in the region. The KRG's Agriculture Minister, Jamil Suleiman, told the agency that the Ministry allocated 600 acres of land for growing olives, following a request from the company to facilitate the project. In the second phase, the Ministry will […]