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Trade reassures citizens: there is no crisis and price hikes are commercial speculations
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Today, Monday, the Ministry of Commerce reassured about the increase in prices recorded by local markets two days ago, confirming that there is no crisis in the storage of grain and the continuation of flour processing, while attributing the reason for the rise in prices to "commercial speculation."
And the trade media, in a statement received by Al-Iqtisad News, quoted the Director General of the General Company for Grain Manufacturing, Atheer Daoud Salman, confirming, during his presidency of the crisis cell meeting, the flow of flour processing and the absence of a crisis or scarcity of grain stocks.
He added that his company is committed to distributing flour to all beneficiaries covered by the ration card system according to the timetables specified in the plans of the Ministry of Commerce, noting that the Ministry of Commerce supplies families with flour at symbolic prices and has nothing to do with commercial flour, which is subject to commercial speculation and is affected by global market prices.
He pointed out that his company provided citizens with ten rations of flour last year, while it provided agents during the last period of this year with a quantity of (7.5) million bags of flour, noting that the cutting centers started launching lists of preparing agents for the second quota, and work is underway in all operating mills. To produce and equip families with flour according to the marketing plan and the time periods specified for each meal.
For his part, the First Deputy Speaker of the House of Representatives, Hakim Al-Zamili, chaired this morning an important meeting with the Minister of Commerce, the Head of the National Security Apparatus and the Director of Economic Security regarding the crisis of rising food prices in the markets, according to his media office.
Yesterday evening, Sunday, Prime Minister Mustafa Al-Kazemi chaired an "emergency" meeting to discuss food security in the country and measures to confront price hikes, and issued directives to the ministries of finance, trade and agriculture.
During the past two days, the Iraqi local markets witnessed a sudden rise in prices, especially basic foodstuffs, amid news that the Iraqi economy was affected by the developments of the Russian-Ukrainian confrontation, with the approach of the month of Ramadan.
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