Editorial date:: 2017/5/29
An official at the Union of Iraqi Food Industries, the company's plan for the sale and export of 70 thousand tons of sugar to the Kurds in northern Syria and neighboring countries of Iraq.
"We expect to sell about 70,000 tons in 2017 to the Kurds in northern Syria as well as other neighboring countries," Baidar's commercial director, Haydar al-Nu'mani, said, declining to name them.
"The sugar plant plans to increase its total capacity by three thousand tons per day to the Iraqi market to reach between five and six thousand tons."
Al-Nu'mani pointed out that "the vegetable oil plant started operation on 25 March last and is now capacity 2000 tons per day and there are plans to double it."
"The Ministry of Commerce is expected to be our main client but so far we have no formal contract with it because it does not have sufficient funds to damage its budget due to lower oil prices," he said.
He pointed out that the Ministry of Commerce "bought last year, 56 percent of the total demand for sugar from the Union, compared to about 80 percent in the past."
Al Ittihad, owned by three Iraqi businessmen, compensates for the shortage of selling its products by selling refined sugar in the free market to customers such as beverage and confectionery producers.
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