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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    TRADE DENIES THE RISE IN FOOD PRICES

    Rocky
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    • Post n°1

    TRADE DENIES THE RISE IN FOOD PRICES Empty TRADE DENIES THE RISE IN FOOD PRICES

    Post by Rocky Sun 24 Oct 2021, 8:37 am

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    Economie

    [size=38]TRADE DENIES THE RISE IN FOOD PRICES[/size]



    Saturday, October 23, 2021 9:46 PM

    Baghdad / National News Center
    Today, Saturday, the Ministry of Commerce denied the existence of a rise in food prices, while it announced, in figures, the size of the quantities distributed to citizens of wheat, rice, sugar and oil.
    Trade spokesman, Muhammad Hanoun, said in a statement to the official agency, followed by the “National News Center”: “The supervisory bodies in the Ministry of Commerce did not record any noticeable increase in the local market in food prices, but on the contrary recorded a decrease in some prices of materials, especially those processed by them.” The Ministry of Commerce through the food basket consisting of legumes, tomato paste, rice and flour.
    Regarding the rise in flour prices, Hanoun explained, “What happened was due to the lack of animal feed available in the local market and not allowing the supply or processing of the material to livestock breeders,” noting that “some people who receive flour within the ration card sell it through Citizens move between neighborhoods to buy it, and they sell these quantities to speculators at prices in the local market, and the rise occurs.”
    He stressed, "The ministry continues to supply flour within the scheduled meals, and it has no problem, whether in the mechanisms of flour production or the mechanisms of preparing wheat material to agents through private mills."
    He pointed out that "the ministry has joint teams with the Department of Economic Crime and National Security after the Prime Minister's directive, which in turn seized quantities of flour that moved between governorates," explaining that "the teams follow the local market and check prices and qualities."
    He expressed, "his hope for the stability of market prices and their lack of fluctuation, especially with the presence of materials prepared by the Ministry of Commerce through the ration card or the monitoring and auditing operations that take place in most of the local markets that the citizen frequents to buy the foodstuffs he needs."
    And Hanoun added, “We categorically deny the existence of a rise in food prices. On the contrary, our supervisory teams note that there has been a decrease in the event of processing the food basket items that the ministry prepares for more than 39 to 40 million Iraqis.”
    He pointed out that "trade distributes more than 450 thousand tons of wheat, more than 120 to 125 thousand tons of rice, in addition to distributing more than 80,000 tons of sugar, as well as processing more than 39 to 40 thousand tons of sugar. Oil and large quantities of tons of tomato paste and legumes, both lentils and beans.”
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