By John Lee. Australian wheat was reported to be offered at the lowest price, in a tender for at least 50,000 tonnes of hard wheat for the Iraqi Grain Board. The tender closed on Sunday and offers must remain valid up to Thursday, according to Reuters. Australian wheat: 50,000 tonnes at $231.70 a tonne c&f free […]
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 […]
By John Lee. The general manager of the Grain Board of Iraq, Saad al Hamdinee, has reportedly told a conference in London that Iraq is expected to produce 3.5 million tonnes of wheat this year. According to a report from Reuters, he said this was in accordance to our plans put in place over the […]
By John Lee. The Iraqi Grain Board (IGB) has delayed until Sunday a decision on whether to buy at least 50,000 tonnes of hard wheat in an international tender. Reuters quotes traders as saying that no purchase had yet been made, with Australian wheat offered at the lowest price of $279.70 a tonne c&f free […]
By John Lee. Iraq has bought about 80,000 tonnes of rice from Thailand. Reuters reports that the deal was agreed at a price of of $443.90 per tonne, including cost, insurance and freight free out (CIFFO). (Source: Reuters) (Rice image via Shutterstock)
By John Lee. India's Economic Times reports that Iraq has doubled the import duty on rice to 40 percent. An official from the All India Rice Exporters' Association (AIREA) told the news agency that the sudden increase in import duty by Iraq has come as a major blow and it is bound to impact exports […]
By John Lee. The Iraqi Grain Board has bought 200,000 tonnes of hard wheat from Canada, the United States and Australia, Reuters reported on Monday: 100,000 tonnes of Canadian wheat, from trading house Richardson at $331.65 a tonne c&f free out (ciffo); 50,000 tonnes of US wheat, from trading house Archer Daniels Midland (ADM) at $333.87 […]
By John Schnittker, Chief Economist at Schnittker Associates, and former Ministry Advisor at the US Embassy in Baghdad. With much of Iraq’s wheat production coming from Northern Iraq and nearly all of Iraq’s water resources flowing through areas under ISIS control, Iraq’s food security may be facing a severe threat. Iraq has about two thirds of […]
By John Lee. Iraq has lifted a ban on the importation of rice from Thailand. The ban was imposed on private exporters in August due to quality concerns, but the Thai government has continuously defended the quality of its rice. The Iraqi government had already stopped purchasing rice directly from its Thai counterpart three years […]
By John Schnittker, Chief Economist at Schnittker Associates, and former Ministry Advisor at the US Embassy in Baghdad. The headwater areas of the Tigris and Euphrates rivers that stretch across most of eastern Turkey have been exceptionally dry this fall and winter. Precipitation over eastern Turkey during the September 2013 – February 2014 period has been less than […]
By John Lee. Reuters reports that Iraq's grain board has rejected all offers in an international tender to buy at least 30,000 tonnes of rice on Friday. The tender closed on Sunday and offers had to remain valid until Thursday. According to traders, the lowest offer was $725 a tonne c&f free out (ciffo) for […]
By John Lee. Oryza reports that Iraq’s rice planting, at around 80,000 hectares, is 24 percent below the Ministry of Agriculture target of 106,000 hectares. According to the USDA, Iraq is expected to produce about 180,000 tons of rice (milled basis) in 2013-14, and import around 1.4 million tons to meet domestic demand. Iraq imports about […]
