The agency added that Al-Ghurairy expects to secure a full year’s stock at the end of the buying season.
And the General Company for Grain Trade, the government company in charge of buying grain in Iraq, announced on Tuesday that it had bought more than a million tons of local wheat from farmers in 13 governorates, according to the official Al-Iraqiya channel. .
The wheat buying season in Iraq started in mid-April.
Iraq is expected to produce 3.5 million tons of wheat this year, up from around 2.2 million tons last year, Haider Nouri, chief executive of the Iraqi Grain Board, said in an interview with Bloomberg on Tuesday. last month.
The Iraqi government runs a food support program that includes the distribution of 4.6 million wheat per year.
Last year, Iraq bought a million tons of wheat to make up for the shortfall in production, which depends heavily on rain and the flow of water from the Tigris and Euphrates rivers.
In recent years, the Iraqi government has purchased wheat from three sources: the United States, Australia and Canada.
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