By John Lee. The General Company for Grain Trade has announced a record-breaking harvest of wheat. According to a statement from the Ministry's media office, the company's Director General, Dr. Haider Al-Karaawi, reported a historic season with the receipt of 6.302 million tons of wheat. This achievement reflects significant efforts towards self-sufficiency and enhancing the […]
By John Lee. The Board of Directors of Iraq's General Company for Grain Trading, which is owned by the Ministry of Trade, as approved the building of a 100,000-ton grain silo in Wasit Governorate. The Chairman and General Manager, Dr. Haider Nouri Al-Karaawi, said the decision supports efforts to strengthen grain storage capacities nationwide in […]
U.S. Senator John Boozman (R-AR), Ranking Member of the Senate Committee on Agriculture, Nutrition, and Forestry, and senators from rice producing states are encouraging American and Iraqi officials to take steps to increase U.S. rice exports to Iraq. In separate letters to U.S. Secretary of State Antony Blinken and Dr. Fareed Yasseen, Iraq's Ambassador to […]
By John Lee. The Trade Bank of Iraq (TBI) has announced a loan of 1 trillion Iraqi dinars ($843 million) to the state-run Grain Board of Iraq, which is affiliated to the Iraqi Ministry of Commerce. According to a press release, the loan is an effort to help Iraqi farmers for clear their dues and […]
By John Lee. A former Minister for Trade and two former State Directors of the Ministry have been sentenced in absentia to seven years in prison for corruption. A statement from Iraq's Commission of Integrity said the three committed offenses in two contracts between the State Company for Trading Grain and a company supplying basmati […]
By John Lee. Despite this year’s drought, Iraq has reportedly bought more than 300,000 tonnes of domestic wheat this season, and maintained its estimate of 2.5 million tonnes of local purchases for the 2018 season. According to Reuters, this implies an import gap of 2 million tonnes, as the country uses between 4.5 million and […]
By John Lee. Iraq's state grains board has reportedly bought about 100,000 tonnes of hard wheat in a tender which closed last week. 50,000 tonnes is to be sourced from the United States at $332.17 a tonne c&f free out, with 50,000 tonnes from Australia at $309.95 a tonne c&f free out. (Source: UkrAgroConsult)
By John Lee. Iraq has reportedly bought U.S. hard red winter wheat in a direct deal outside the tender process. Sources told Reuters that the product will be supplied by Cargill (300,000 tonnes) and ADM (Archer Daniels Midland) (150,000 tonnes). Separtely, private exporters reported to the U.S. Department of Agriculture export sales of 100,000 metric […]
By John Lee. Iraq reportedly bought 50,000 tonnes wheat from Australia on Sunday at $312.50 a tonne c&f free out. The tender, which closed on 31st July, was open to wheat from the United States, Canada or Australia. According to Reuters' sources. wheat from the United States was offered lowest at $299.19 a tonne c&f […]
Iraq has reporteldy made its first-ever purchase of US rice under the US–Iraq Memorandum of Understanding (MOU). According to the USA Rice Federation, this sale will help American rice exporters gain a foothold in the Iraqi market, and help prospects for new sales in the future. Iraq’s precedent-setting purchase of 30,000 MT of US long […]
By John Lee. Iraq's acting trade minister, Mohammed Shia al-Sudani, has reportedly sacked the head of the powerful Grain Board of Iraq and six other officials over allegations of corruption. Reuters quotes ministry sources as saying that the move was part of a comprehensive operation intended to "cleanse the ministry of officials who have any hint […]
By John Lee. European traders said on Monday that Russian wheat was offered lowest at $231.00 a tonne c&f free out in the tender from Iraq's state grains board to buy at least 50,000 tonnes of hard wheat for shipment between 15th August and 13th September and delivery between 14th September and 28th October. According to […]
