Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Commodities»Iraq Wheat Production Up 21%, Official Says, Amid Ample Rainfall – BNN Bloomberg
    Commodities

    Iraq Wheat Production Up 21%, Official Says, Amid Ample Rainfall – BNN Bloomberg

    August 11, 20241 Min Read


    (Bloomberg) — Iraq’s wheat output hit 6.3 million tons this year, an almost 21% annual increase that marked a second year of self-sufficiency in the grain, an official said.

    Haider Nouri Al-Garaawi, director general of Iraq’s grain board, said in a phone interview that “extraordinary” rains as well as modern irrigation technologies helped increase this year’s harvest. 

    Iraq produced around 5.2 million tons of wheat last year. The country’s production is highly dependent on rain and water flows from the Tigris and Euphrates rivers. 

    The government — which runs a subsidy program that distributes 4.7 million tons of the commodity a year — buys local wheat at almost double the global price to encourage production by domestic farmers.

    Iraq’s wheat surplus of around 1.6 million tons this year will be sold to local private millers for flour, Al-Garaawi said. 

    The government’s reserves will last through next April with no need to import foreign wheat, he said. But private millers might import the grain to fulfill local flour demand.

    In recent years, Iraq bought wheat from the US, Australia and Canada.

    ©2024 Bloomberg L.P.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Energy firms could owe you hundreds if you’ve moved house recently

    Commodities

    FTSE 100 ends day at closing high after gold and silver fell in ‘metals meltdown’ – as it happened | Business

    Commodities

    Energy, healthcare and utilities: how to tap into AI in the real economy

    Commodities

    Stop heat escaping and cut energy bills with simple window check

    Commodities

    FTSE 100 hits record high as ‘metals meltdown’ in gold and silver eases – business live | Business

    Commodities

    Gold and silver slide in ‘metals meltdown’; UK factory growth hits 17-month high – business live | Business

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Stock Market

    Dow, S&P 500, Nasdaq futures little changed as investors eye earnings ahead

    Property

    Disposal of a deceased person’s property and tax exemption

    Stock Market

    Dividend Stocks Checklist: 4 Stocks to Watch Out for Dividend Payouts in March 2025 – Stock Insights News

    Editors Picks

    No sign of ‘quick upturn’ for property market, warns RICS

    December 10, 2025

    Visa earnings, job market, stock market trends: Asking for a Trend

    July 23, 2024

    70-80% of BTC and ETH commodities are non Securities CFTC

    July 11, 2024

    Great Southern Copper étend la minéralisation de cuivre au projet Chili -Le 04 février 2025 à 11:06

    February 4, 2025
    What's Hot

    Yuexiu Property signe une facilité de crédit liée au développement durable de 1,56 milliard de dollars HK

    June 12, 2025

    Les ventes de porcs de Shennong Agricultural ont bondi de 33 % en avril

    May 8, 2025

    Is your second house really an investment?

    September 22, 2025
    Our Picks

    Ripple Hit With $125 Million Penalty, Fraction of SEC Claim

    August 7, 2024

    After 4 Decades in the Commodity Business, Aloha From Todd’s Take

    August 16, 2024

    Nevada teen charged with killing retired police chief unfit to stand trial

    October 12, 2024
    Weekly Top

    Real Estate Reactions Roll in to Fed Chair Selection

    February 2, 2026

    JPMorgan Says Gold Prices Can Recover and Surge 34% by Year-End

    February 2, 2026

    Gold and silver prices seesaw as FTSE 100 hits record high | Gold

    February 2, 2026
    Editor's Pick

    How is Real Estate Tokenization Changing Property Investment?

    October 31, 2025

    Is stock market open today? – NBC New York

    February 17, 2025

    UK property market set to rebound amid mortgage rate drop expectations

    August 23, 2024
    © 2026 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.