Iraq declares self-sufficiency in wheat

The Iraqi Minister of Trade, Atheer Al-Ghurairy, revealed on Saturday that Iraq achieved self-sufficiency in wheat crops.
Al-Ghurairy’s remarks took place during his field visit to the western Iraqi province of Anbar to check the purchase procedure from farmers, according to a statement cited by the Iraqi News Agency (INA).
The surplus in Iraq’s wheat crop, which reached 1.5 million tons, is a result of better rainfall than anticipated and, more importantly, government funding, according to the report.
To stimulate the production of the essential grain amid often dry circumstances, the government gives farmers more than double the price on the global market.
The director of Iraq’s General Company for Grain Trade, Haider Nouri, revealed earlier that Iraq’s strategic reserves of wheat surpassed 5.5 million tons.
Nouri explained that this large stock of wheat is sufficient for one year to meet local demand, underscoring that flour prices will not rise with any global crisis.
Iraq was self-sufficient in wheat for three years before the conflict in Ukraine, producing 4.7 million tons in 2019, 6.2 million tons in 2020, and around 4.2 million tons in 2021.
However, water shortages and desertification reduced local wheat output, requiring the Iraqi government to import wheat to offset the gap.
Discover more about аgri market developments at the 11 International Conference BLACK SEA OIL TRADE on September 23 in Bucharest! Join agribusiness professionals from 25+ countries for a powerful start of the oilseed season!
Read also
USAID to cease providing foreign aid on July 1 — programs transferred to State Dep...
Wheat prices in Ukraine continue to rise, although stock exchange quotes fell by 3...
US may lift tariffs on products it cannot supply itself with
BLACK SEA OIL TRADE: Straight Talk on the 2024/25 Season and 2025/26 Projections
EU increased duties on imports of agricultural products and fertilizers from Russi...
Write to us
Our manager will contact you soon