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[size=36]Trade: We have a strategic stockpile that reduces the effects of the war on Iraq[/size]
Economie| 09:38 - 03/03/2022
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Baghdad - Mawazine News
Today, Thursday, the Ministry of Commerce confirmed that Iraq possesses strategic stores of foodstuffs capable of reducing the effects of the Russian-Ukrainian war, which raised global prices significantly, while indicating that the ministry is continuing to work to prepare two shares of the food basket for the month of Ramadan.
A spokesman for the Ministry of Commerce, Muhammad Hanoun, said, "The issue of rising food prices is global and began since August of last year, and as a result, the prices of wheat and rice rose."
He added, "Iraq was immune from this rise because of a contract signed by the Ministry of Commerce with the private sector through Cabinet Resolution No. (160), which allowed the Ministry of Commerce to contract, and therefore all the issue of the food basket was taken over by the private sector."
He added, "The war between Russia and Ukraine put the Ministry of Commerce with a new responsibility, especially since the two countries are among the largest producers and exporters of wheat and foodstuffs.
He stressed that "the Ministry of Commerce owns a strategic stockpile of ration card materials, and there is no problem, as good stock is available, and we have a contract with an international company to provide 150,000 tons of Australian wheat, which will arrive after 10 days."
He pointed out that "the Ministry of Commerce launched today a new meal of wheat material for civil mills for the purpose of distributing it to citizens, and these treatments also need strategic treatments that there should be large reserves for Iraq that fits with its need to confront potential global crises so that the country is not affected by them."
He pointed out that "Iraq needs five million tons of wheat annually, and for 3 years we have been relying on what farmers and farmers market. In 2019, production reached 5 million and 600 thousand tons, and last season production was 3 million and 400 and we are frankly concerned about the lack of production." The current season, as it will reach up to 4 million tons, and we have a plan developed by the Ministry of Agriculture in coordination with trade, and we hope that the marketing season will succeed.”
On how to compensate for the rest of Iraq's need, Hanoun explained that "the General Company for Grain Trade met with the aim of setting mechanisms for making contracts to import wheat, and as of next Sunday, we will accept offers from international companies and our ambition is to contract to purchase large quantities with the aim of providing strategic storage."
He stressed that "Iraq has memoranda of understanding with Canada, the United States and Australia, as companies from those countries provide what Iraq requires of wheat and rice crops, and we asked the Ministry of Finance for sums to import two million tons of wheat to meet the full need."
Regarding Ramadan’s share, he explained that “the ministry started with procedures and formed a committee and the private sector is ready, and now the foodstuffs in the food basket enter Iraq continuously with the aim of securing it completely.” Ended 29 / p. 87
A spokesman for the Ministry of Commerce, Muhammad Hanoun, said, "The issue of rising food prices is global and began since August of last year, and as a result, the prices of wheat and rice rose."
He added, "Iraq was immune from this rise because of a contract signed by the Ministry of Commerce with the private sector through Cabinet Resolution No. (160), which allowed the Ministry of Commerce to contract, and therefore all the issue of the food basket was taken over by the private sector."
He added, "The war between Russia and Ukraine put the Ministry of Commerce with a new responsibility, especially since the two countries are among the largest producers and exporters of wheat and foodstuffs.
He stressed that "the Ministry of Commerce owns a strategic stockpile of ration card materials, and there is no problem, as good stock is available, and we have a contract with an international company to provide 150,000 tons of Australian wheat, which will arrive after 10 days."
He pointed out that "the Ministry of Commerce launched today a new meal of wheat material for civil mills for the purpose of distributing it to citizens, and these treatments also need strategic treatments that there should be large reserves for Iraq that fits with its need to confront potential global crises so that the country is not affected by them."
He pointed out that "Iraq needs five million tons of wheat annually, and for 3 years we have been relying on what farmers and farmers market. In 2019, production reached 5 million and 600 thousand tons, and last season production was 3 million and 400 and we are frankly concerned about the lack of production." The current season, as it will reach up to 4 million tons, and we have a plan developed by the Ministry of Agriculture in coordination with trade, and we hope that the marketing season will succeed.”
On how to compensate for the rest of Iraq's need, Hanoun explained that "the General Company for Grain Trade met with the aim of setting mechanisms for making contracts to import wheat, and as of next Sunday, we will accept offers from international companies and our ambition is to contract to purchase large quantities with the aim of providing strategic storage."
He stressed that "Iraq has memoranda of understanding with Canada, the United States and Australia, as companies from those countries provide what Iraq requires of wheat and rice crops, and we asked the Ministry of Finance for sums to import two million tons of wheat to meet the full need."
Regarding Ramadan’s share, he explained that “the ministry started with procedures and formed a committee and the private sector is ready, and now the foodstuffs in the food basket enter Iraq continuously with the aim of securing it completely.” Ended 29 / p. 87
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