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Iraq is achieving self-sufficiency in wheat and preparing to export barley
Economy News _ Baghdad
Iraq is preparing to export the barley crop, which is surplus to the local market's needs, in a precedent that is the first of its kind and has not happened in decades, after it was the second largest buyer of wheat in the Middle East.
A spokesman for the Ministry of Agriculture, Hamid Al-Nayef, said in a press interview, "The government intends to start selling 700,000 tons of grains at auction next week, at a minimum price of $ 125 per ton." Jordan, and the countries of North Africa. "
And Al-Nayef said, "The reason behind the barley surplus is the water reserves that we had last year." "One of the reasons for the surplus is also the high prices that the government pays farmers, as they get paid the equivalent of $ 389 to $ 414 per ton, and then sell barley as fodder to poultry farmers," the American website noted.
And USDA data showed that the torrential rains this year boosted crop prospects across the Middle East. Iraq, formerly the second largest buyer of wheat in the Middle East, expects to achieve self-sufficiency in the main crop for the third consecutive season, partly due to the rains.
It is imperative that boosting food production helps reduce imports and relieve pressure on the economy affected by the spread of the Coronavirus pandemic and the decline in oil prices.
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