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Trade: Strategic storage of wheat sufficient for 6 months
Iraq 03/24/2024
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The Ministry of Commerce revealed that it possesses a strategic reserve of wheat amounting to two million tons, sufficient for the country for six months, revealing a plan to increase the storage capacity of the crop, to nine million tons.
The Director General of the Department of Planning and Follow-up in the Ministry, Talib Hassan Nimah, said in a statement to “Al-Sabah”: A committee has been formed to supervise the wheat marketing campaigns that will be launched in the governorates successively, starting next month, and all procedures for enhancing storage capacities, regular maintenance of the stores, and treating the damage in them have been completed. In addition to establishing banks in four governorates: Holy Karbala, Kirkuk, Nineveh, and Muthanna.
He stated that the Prime Minister instructed the Ministry of Finance to prepare the farmers’ dues within two weeks of delivering the crop, in addition to allocating four billion dinars to Nineveh Governorate specifically, to establish buildings, warehouses, and four silos, as well as preparing new storage yards in all governorates to accommodate large quantities of the wheat crop and achieve self-sufficiency.
Nehme expected the initial production volume of wheat to be six million tons after abundant rains and the use of modern irrigation techniques by farmers, in addition to preparing to establish new silos during the next two years, confirming the existence of strategic reserves exceeding two million tons of wheat that will meet the country’s need for the next six months.
He revealed a plan to increase the storage capacity of the crop to nine million tons, in addition to increasing the marketing centers for wheat within the governorates of Nineveh, Muthanna, and Salah al-Din, noting that the relevant ministry teams have completed the process of linking and automating all government mills and the information center in Baghdad and the governorates at the ministry’s headquarters to control grain inputs and outputs. The production of flour is monitored centrally to prevent tampering, stressing that all private sector mills will soon be automated to control grain and flour production.
Edited by: Mustafa Majeed
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