[size=30]Trade is resolved through NRT, whether or not the food basket project continues[/size][You must be registered and logged in to see this image.]
The Ministry of Commerce confirmed, on Thursday, that it is in the process of adding new materials within the food basket project for the next year, while indicating that the sustainability of the funds will extend the life of the project.
The ministry's spokesman, Muhammad Hanoun, told NRT Arabia (August 26, 2021), that "trade has secured strategic storage, in preparation for force majeure," noting that "if this project continues, we will witness stability in Iraqi market prices."
Hanoun pointed out that "the food basket is a project approved by the Council of Ministers in its 160th session, and its goal is to develop the Iraqi food situation," stressing that "the Council of Ministers allowed the ministries of oil and finance to secure financial allocations to secure the food basket."
He explained that "the ministry is proceeding with preparing the second and third meals after completing the distribution of the first meal, as it is hoped that the items of the basket will reach the ministry in the coming days."
Hannoun pointed out that "the food basket project is a reform system for the ration card, which was punctuated by many forgeries."
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