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. Prime Minister Mohammed Shia' Al-Sudani has received the President of the U.S. Wheat Council, Mr. Vince Peterson, and his accompanying delegation. They discussed future cooperation in supplying wheat to Iraq of the highest quality and at suitable prices, aiming to produce flour beyond the uses of the ration card. The government has […]
By John Lee. Iraqi Minister of Trade Atheer Dawood Al-Ghareeri announced in a press statement the attainment of self-sufficiency and the establishment of a strategic wheat reserve sufficient for the next six months, along with preparations to welcome a promising agricultural marketing season. Al-Ghareeri stated, "The Ministry of Trade's warehouses are filled with over two […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Kurdish farmers struggle to market their wheat After two difficult years because of lack of rain, Kurdistan Region's farmers were hopeful that this summer's bountiful wheat harvest would finally bring them some financial relief. […]
By John Lee. Iraq's Minister of Trade, Atheer Al-Ghurairy, has said Iraq has a 'strategic stockpile' of wheat totaling 5 million tons. He is quoted by state-run Iraqi News Agency (INA) as saying that this is sufficient to meet the country's needs for more than a year, and is in addition to the four months […]
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 […]
By John Lee. Iraq is understood to have purchased about 150,000 tonnes of wheat from Australia. According to a report from Reuters, a tender for a nominal 50,000 tonnes from either the United States, Australia or Canada closed on 18th December. More here. (Source: Reuters)
By John Lee. A new report from the US Department of Agriculture (USDA) says that continued drought and water shortages are affecting economic activity in Iraq, especially grain production. The Global Agricultural Information Network (GAIN) report from the USDA's Foreign Agricultural Service says agricultural cropping in irrigated areas is down by 50 percent compared to […]
By Robert Tollast and Mina Aldroubi, for The National. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's multibillion-dollar wheat import bill: how war in Ukraine affects the wider world The war in Ukraine, one of the world's major wheat producing regions, has […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Fertilizer price hikes affecting Kurdistan Region wheat production: farmers An increase in fertilizer prices has affected wheat production in the Kurdistan Region, farmers told Rudaw on Wednesday. This comes a month after the government […]
By John Lee. The Prime Minister of the Kurdistan Regional Government (KRG) has opened a new wheat marketing center in Erbil, a year after announcing the project. In a statement on Twitter, Masrour Barzani said: "In less than a year, we are back to inaugurate the $250-million wheat marketing project in Erbil. A great new […]
The ninth cabinet of the Kurdistan Regional Government (KRG) started 27 multisectoral projects from March 2020 to June 2021, as it reaches the 2nd anniversary since its foundation. The KRG invested $332 million on housing projects, developed a $250 million wheat marketing project, distributed $2.56 billion worth of business licenses, and completed the MED Steel […]
