By John Lee. Iraq has bought 150,000 tonnes of rice from Thailand in a nominal tender for at least 30,000 tonnes, a source at the trade ministry has told Reuters. The rice is to be purchased from two sources: Olam International is to supply 120,000 tonnes; and, Ameropa is to supply the remaining 30,000 tonnes. […]
By John Lee. Iraq’s state grains board has purchased a total of 350,000 tons of wheat from Australia, Russia and Canada in a tender for a nominal 50,000 tons which closed last week: 200,000 tons of Australian wheat purchased from Glencore at $404.89 cif; 50,000 tons of Russian wheat, also from Glencore, at $399 a tonne […]
By Hassan Latif al-Zubaidi. This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. It’s not the first time the Iraqi government has tried to abolish the ration card system. And it won’t be the last. Kufa University’s Hassan […]
By John Lee. Iraqis are divided over plans to reform the country's largest social welfare programme. Iraq’s cabinet decided last week to remove the food rationing scheme in favour of a direct cash transfer to citizens, which would mean that from the start of March next year, all Iraqis would be entitled to a monthly […]
More and more Iraqis are frequenting restaurants in Baghdad and in other major cities across the country to eat the signature dish "masgoof", as once rampant violence has declined. As a result, the fishing industry and restaurants serving the iconic cut-open carp that is best eaten in groups, are seeing a boom: (Source: AFP)
The Iraqi Ministry for Trade has made no purchase in a tender for at least 50,000 tonnes of wheat, according to a report from Reuters. The tender for wheat of any origin had closed on 1st October, with offers having to stay valid until 5th October. A source at the trade ministry gave no reason […]
A source in the Iraqi trade ministry told Reuters on Thursday that Iraq bought 100,000 tonnes of rice from Argentina, Uruguay and Thailand following a tender that closed on 10th June: 30,000 tonnes will be sourced from Argentina; 30,000 tonnes from Uruguay; and, Commodity trading firm Olam International will supply Iraq with the 40,000 tonnes […]
AKnews reports that Iraq has received 31,000 tons of Uruguayan rice. Three Canadian ships "loaded with wheat" (sic) arrived at Iraqi ports as part of the country’s efforts to strengthen the food supply program on which 60 percent of Iraqis rely. The ministry started transferring the cargo that arrived through the port of Umm Qasr […]
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)
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 […]
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 […]
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 […]
