AIRLINK 69.92 Increased By ▲ 4.72 (7.24%)
BOP 5.46 Decreased By ▼ -0.11 (-1.97%)
CNERGY 4.50 Decreased By ▼ -0.06 (-1.32%)
DFML 25.71 Increased By ▲ 1.19 (4.85%)
DGKC 69.85 Decreased By ▼ -0.11 (-0.16%)
FCCL 20.02 Decreased By ▼ -0.28 (-1.38%)
FFBL 30.69 Increased By ▲ 1.58 (5.43%)
FFL 9.75 Decreased By ▼ -0.08 (-0.81%)
GGL 10.12 Increased By ▲ 0.11 (1.1%)
HBL 114.90 Increased By ▲ 0.65 (0.57%)
HUBC 132.10 Increased By ▲ 3.00 (2.32%)
HUMNL 6.73 Increased By ▲ 0.02 (0.3%)
KEL 4.44 No Change ▼ 0.00 (0%)
KOSM 4.93 Increased By ▲ 0.04 (0.82%)
MLCF 36.45 Decreased By ▼ -0.55 (-1.49%)
OGDC 133.90 Increased By ▲ 1.60 (1.21%)
PAEL 22.50 Decreased By ▼ -0.04 (-0.18%)
PIAA 25.39 Decreased By ▼ -0.50 (-1.93%)
PIBTL 6.61 Increased By ▲ 0.01 (0.15%)
PPL 113.20 Increased By ▲ 0.35 (0.31%)
PRL 30.12 Increased By ▲ 0.71 (2.41%)
PTC 14.70 Decreased By ▼ -0.54 (-3.54%)
SEARL 57.55 Increased By ▲ 0.52 (0.91%)
SNGP 66.60 Increased By ▲ 0.15 (0.23%)
SSGC 10.99 Increased By ▲ 0.01 (0.09%)
TELE 8.77 Decreased By ▼ -0.03 (-0.34%)
TPLP 11.51 Decreased By ▼ -0.19 (-1.62%)
TRG 68.61 Decreased By ▼ -0.01 (-0.01%)
UNITY 23.47 Increased By ▲ 0.07 (0.3%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 7,399 Increased By 104.2 (1.43%)
BR30 24,136 Increased By 282 (1.18%)
KSE100 70,910 Increased By 619.8 (0.88%)
KSE30 23,377 Increased By 205.6 (0.89%)
Markets

Iraq needs 1mn tonnes of wheat, 250,000 T rice

The wheat import figure is higher than the country had originally planned to purchase from abroad throughout 2020.
Published March 25, 2020
  • The wheat import figure is higher than the country had originally planned to purchase from abroad throughout 2020.
  • Iraq's grain board, which falls under the trade ministry, holds regular international tenders to import wheat and rice for the rationing programme.

BAGHDAD: Iraq's trade ministry said on Wednesday it had advised the cabinet that it needed to import one million tonnes of wheat and 250,000 tonnes of rice for its food rationing programme and to boost strategic stocks in the coming months.

"The crisis committee in the ministry advised the cabinet to secure the needs of the food rationing programme and build strategic stocks," Mohamed Hanoon, trade ministry spokesman, told Reuters.

The trade ministry said on Saturday it needed more money from the budget to build three months' supply in its strategic wheat and rice stockpiles in the face of the country's growing coronavirus problem.

The wheat import figure is higher than the country had originally planned to purchase from abroad throughout 2020.

In December, Iraq said it planned to import 750,000 tonnes.

The quantities suggested to the cabinet should be enough to cover demand in the coming months and build some stocks until enough supplies of local wheat are available for use around mid-June, Hanoon said. Iraq's local wheat buying season starts mid-April.

Iraq, a major Middle East wheat and rice buyer, is still in a power vacuum months after its Prime Minister Adel Abdul Mahdi was pushed out by nationwide anti-corruption protests.

The political deadlock hampered efforts to get a state budget approved before the start of the calendar year.

The country needs between 4.5 million and 5 million tonnes of wheat a year to supply its food rationing programme.

It mixes local grain with supplies from Australia, Canada and the United States.

Iraq's grain board, which falls under the trade ministry, holds regular international tenders to import wheat and rice for the rationing programme.

The programme covers rice, flour, cooking oil and sugar.

Comments

Comments are closed.