By John Lee. Thailand has reportedly signed a deal to sell rice to Iraq. According to Financial Post, the move comes nearly 10 years after losing Iraqi contracts over quality concerns. (Source: Financial Post)
Tag Archives | grain
Cabinet allocates Funds to Prison Building, Water Project
The Cabinet held its regular weekly meeting in Baghdad on Tuesday under the chairmanship of Prime Minister Mr. Adil Abd Al-Mahdi. It: voted to adopt the recommendation of the Ministerial Council on Energy on the Charter of Cooperation of Oil-Producing Countries which aims to promote stability in the global oil market; approved the allocation of […]
TBI to lend $843m to Grain Board of Iraq
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 […]
Decision on Russian Wheat Imports "Months Away"
By John Lee. Iraq is reportedly still holding discussions over the possible import of wheat from Russia. Deputy trade minister Haitham Jameel Ismail al-Khshali told Reuters that a group of experts is looking into the issue, but it could be months before they reach a decision. (Source: Reuters)
Who is really behind the Torching of Iraqi Grain Fields?
By Dana Taib Menmy for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Thousands of dunams of wheat and barley crops were torched this month in Kirkuk, Ninevah, Salahuddin and Diyala provinces, adding agony to the harsh lives of Iraqi farmers and raising the question […]
Wheat Production to rise sharply
By John Lee. Local wheat production in Iraq could reach almost 3 million tonnes in the 2018-2019 season, up from 2.17 million tonnes in the previous year, according to Reuters. While the total area of wheat planted using irrigation has fallen from one million hectares in the 2017-2018 season to 550,000 hectares this season, better […]
Iraq buys Grain from US, considers Russia
By John Lee. Iraqi trade minister Mohammed Hashim has reportedly signed a deal on Thursday to import wheat and rice from the United States. According to Reuters, the agreement covers the first half of 2019. Meanwhile, Kurdistan 24 reports that a Russian delegation visited Baghdad this week to discuss exporting wheat to Iraq. (Sources: Reuters, […]
Former Trade Minister sentenced for Corruption
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 […]
Iraq Considers Importing Wheat from Russia
By John Lee. Iraq reportedly wants to allow Russian-origin wheat to be bought in its state tenders to supply the country's massive food rationing programme. According to Reuters, the Trade Ministry will send a delegation to Russia before the end of the year to study the suitability of its wheat for Iraq's needs. Iraq needs between […]
Iraq to Increase Wheat Imports
By John Lee. Iraq is expected to significantly increase its imports of wheat, as it reportedly cuts the irrigated area it plants with wheat by half in the 2018-2019 growing season due to the continuing water shortages. Deputy Agriculture Minister Mahdi al-Qaisi told Reuters: “The shortage of water resources, climate change and drought are the […]
Iraq Wheat Purchases "Below Target"
By John Lee. Iraq has reportedly bought 1.75 million tonnes of domestic wheat so far this season. According to the report from Reuters, the is well below a trade ministry's target of 2.5 million tonnes. The wheat purchasing season began on 16th April and is expected to last until the end of June. (Source: Reuters)
Iraq needs to Import 2m Tonnes of Wheat
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 […]