Iraq Makes First Purchase of US Rice under MoU
Iraq has reporteldy made its first-ever purchase of US rice under the US–Iraq Memorandum of Understanding (MOU). According to the USA Rice Federation, this sale will help American rice exporters gain a...
View ArticleIraq buys 50,000 Tonnes Australian Wheat
By John Lee. Iraq reportedly bought 50,000 tonnes wheat from Australia on Sunday at $312.50 a tonne c&f free out. The tender, which closed on 31st July, was open to wheat from the United States,...
View ArticleIraq buys U.S. Wheat
By John Lee. Iraq has reportedly bought U.S. hard red winter wheat in a direct deal outside the tender process. Sources told Reuters that the product will be supplied by Cargill (300,000 tonnes) and...
View ArticleIraq buys Wheat from US and Australia
By John Lee. Iraq’s state grains board has reportedly bought about 100,000 tonnes of hard wheat in a tender which closed last week. 50,000 tonnes is to be sourced from the United States at $332.17 a...
View ArticleIraq 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...
View ArticleIraq 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...
View ArticleIraq 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...
View ArticleIraq 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...
View ArticleFormer 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...
View ArticleIraq 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...
View ArticleWheat 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...
View ArticleWho 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...
View ArticleDecision 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...
View ArticleTBI 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....
View ArticleCabinet 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...
View ArticleThailand to Sell Rice to Iraq
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:...
View ArticleKRG Invests in Major Wheat Industry Project
As part of its efforts to transform the Kurdistan Region into a competitive producer, the Kurdistan Regional Government has invested in strategic projects to strengthen and expand the region's...
View ArticleNew Wheat Marketing Project in Slemani
Prime Minister Masrour Barzani has laid the foundational stone for the Kurdistan Regional Government's Wheat Marketing Project in Slemani (Sulaymaniya). The $122 million project will be implemented by...
View ArticleKRG begins Buying Wheat from Farmers for First Time
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. KRG begins buying wheat from farmers for the first time The Kurdistan...
View ArticleKRG starts 27 Projects over Past Year
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...
View Article$250m Wheat Marketing Center Opened in Erbil
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...
View ArticleFertilizer Price affecting Kurdistan Wheat Production
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:...
View ArticleThe War in Ukraine, and Iraq's Multibillion-Dollar Wheat Imports
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...
View ArticleDrought forces Iraq to Cut Wheat Production
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...
View ArticleAustralia Wins Order for Wheat to Iraq
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,...
View ArticleNew Grain Silo approved for Wasit
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...
View ArticleIraq Confirms Wheat Stockpile of 5 Million Tons
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...
View ArticleKurdish Farmers Struggle to Market their Wheat
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...
View ArticleIraq to Export Barley for the First Time
By John Lee. Iraq's Ministry of Agriculture has reportedly announced that it will export barley for the first time. A ministry spokesman told Shafaaq News Agency that 700,000 tons of barley will be...
View ArticleUS Senators push for US-Specific Rice Tender with Iraq
U.S. Senator John Boozman (R-AR), Ranking Member of the Senate Committee on Agriculture, Nutrition, and Forestry, and senators from rice producing states are encouraging American and Iraqi officials to...
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