Syria boosts local wheat purchase price
Syria has nearly doubled it local wheat purchasing price for the 2021 season to £S900 from £S425 in the previous season, Reuters reported, citing Syria’s state news agency.
The Syrian pound has continued to decline in value when in 2019 it held steady at about 500 to the dollar and then fell to a low of 4,000 to the dollar earlier this month.
The continued 10-year conflict has caused economic issues in Syria leading to a smaller wheat import budget creating long wait times across the country for subsidized bread, Reuters reported.
Prior to the conflict Syria produced about four million tonnes of wheat per year and exported 1.5 million tonnes. But according to a United Nations Food and Agriculture estimate, the country produced between 2.1 million and 2.4 million tonnes of wheat last year.
Read also
Victoria Golubyatnikova, SGS – Speaker at BLACK SEA OIL TRADE-2025, Bucharest
Over 700 thsd tons of Ukrainian grain were exported
Moldovan government approves sale of Giurgiuleşti port to Romania
In Central Russia, oilseed crops overtook wheat in terms of sown area for the firs...
Sunflower seeds harvest forecasts: Drought hits Ukraine, while Russia and Kazakhst...
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon