BAGHDAD, IRAQ — Iraq’s trade ministry has purchased 3.56 million tonnes of domestic wheat since the start of harvest in April, Reuters reported.
Local production is expected to reach 6 million tonnes, the agriculture ministry said.
Iraq officials said in March the country would need to import 1 million tonnes of wheat to increase reserves due to food supply chain concerns amid the coronavirus.
Follow our breaking news coverage of the coronavirus/COVID-19 situation.
| Sign up for our free newsletters From daily reports on breaking news to weekly updates, World Grain has the grain, flour and feed industries covered. |
Subscribe |
KANSAS CITY, MISSOURI, US — It was a bumpy ride for the global grain industry in 2024.
An already unstable geopolitical situation worsened with military conflicts expanding in Ukraine and the Middle East. Transporting grain efficiently was a challenge, in part because of those wars. And several of the world’s largest agribusiness companies saw profits tumble in a suboptimal economic climate for global agriculture.
The establishment in both Europe and the United States saw a conservative backlash against their liberal policies, leading to political unrest in countries such as France and the return of Donald Trump to the US presidency after a four-year absence. The result will likely be a continued trend toward protectionist policies that will impact the global grain trade in the coming years as well a reduced emphasis on “green” environmental policies that had become prevalent during the past four years.
The following are World Grain’s top 10 stories for 2024.
KANSAS CITY, MISSOURI, US — These are the 12 nations at which World Grain took an in-depth look through its monthly Country Focus series in 2024. Revisit the locations and the perspective they provide on global grain, flour and feed issues: