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

    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

    Gold, silver, bitcoin and oil slide as ‘metals meltdown’ rattles markets – business live | Business

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Investments

    Lomond Group identify top 20 busiest housing markets

    Commodities

    FEATURE: Brazil hopes to step up efforts to launch compliance carbon market by COP30

    ENGIE et NHOA Energy posent la première pierre d’un projet de 400 MWh en Belgique

    Editors Picks

    Retirement savings gap emerging between self-employed and employees

    August 25, 2025

    Chris Eubank Jr dismissed retirement suggestions after first Conor Benn fight: ‘I still have it!’ | Boxing News

    October 6, 2025

    SecureShift – Offering A New Realm of Secure Cryptocurrency Trading

    April 5, 2025

    1 Precious Metal Stock With a Decidedly Golden Sheen

    August 23, 2024
    What's Hot

    Dalqan Real Estate : Bénéfice du 4ème trimestre 532.601 Dinars -Le 02 mars 2025 à 11:59

    March 2, 2025

    Agricultural waste can become clothes of the future – new research

    June 17, 2025

    How to avoid falling for cryptocurrency scams

    October 11, 2024
    Our Picks

    Metal Gear Solid Delta’s Fox Hunt multiplayer mode gets loose launch window

    August 8, 2025

    Fortress Real Estate Investments Says Standard Bank Holds 3.54% Ordinary B Shares In Issue (en anglais)

    April 7, 2025

    Global Fintech Fest (GFF): Soon, you will be able to buy foreign currency via UPI using glasses?

    October 7, 2025
    Weekly Top

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

    February 2, 2026

    Gold and silver deepen historic slump

    February 2, 2026

    CBN releases first Fintech report to shape Nigeria’s digital financial growth

    February 2, 2026
    Editor's Pick

    Goldman Sachs Dramatically Raises Precious Metal Price Target – Here’s the Bank’s Outlook

    October 10, 2025

    As Aussies face financial ruin over retirement funds collapse, money experts tell STEPHEN JOHNSON the warning signs you can’t afford to miss

    August 19, 2025

    “Faites attention à ce que vous donnez à manger à vos enfants” : l’alerte des médecins sur l’exposition de la population au cadmium

    June 4, 2025
    © 2026 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

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