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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 Mortgages The Decline In Food Prices By Distributing Two Rations Before Ramadan

    Rocky
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    Trade Mortgages The Decline In Food Prices By Distributing Two Rations Before Ramadan Empty Trade Mortgages The Decline In Food Prices By Distributing Two Rations Before Ramadan

    Post by Rocky Mon Mar 07, 2022 4:07 pm

    [size=38]Trade Mortgages The Decline In Food Prices By Distributing Two Rations Before Ramadan
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    LAST UPDATE 03/07/2022 | 9:20 PM
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    Information / Baghdad...
    The Ministry of Commerce confirmed, on Monday, the alertness of the supervisory bodies to hold accountable the monopolistic traders and sellers of foodstuffs who raise their prices, while noting that the distribution of two shares of the food basket before the month of Ramadan will contribute to reducing it.
    The Deputy Director General of the General Company for Grain Trade, Haider Nuri Jaber, told the official TV, and it followed him, "The Information," that "every year we suffer from the problem of monopoly by some traders, especially in the month of Sha'ban, with the approach of the month of Ramadan, and citizens go to buy large quantities of foodstuffs with the start of prices." The rise, which reduces the supply and causes a greater rise.”
    He added, "Some traders take advantage of this and establish a monopoly, and we in the Ministry of Commerce have alert monitoring committees with the Organized Crime Directorate and the National Security Agency, monitoring prices and holding the monopolists accountable and those who raise prices."
    He stressed, "At the same time, the Russian-Ukrainian war raised food prices and had its effects, and we in the Ministry of Trade have provided all the necessary quantities for the food basket to distribute two rations to citizens before Ramadan, and we expect it to contribute to a significant reduction in food prices in the market."
    He pointed out that “the Ministry of Commerce is keen to provide the quota of flour, despite the existence of a global crisis, with all agents, and the Ministerial Council for the Economy took in the past hours important decisions, including raising the price of a ton of wheat to 725,000 dinars, as of April 1, the date of the start of receiving the crop produced from farmers.”
    He stressed that "the council also decided to support the Ministry of Commerce to create a strategic stockpile by purchasing 3 million tons of imported wheat and allocating $100 million to urgently purchase wheat, and the decisions were submitted to the Council of Ministers for a vote."
    He pointed out that "raising the price of marketed wheat aims to support the farmer, especially with its global prices rising to $530 per ton, and the matter is important to encourage him to farm and provide quantities of it for the local need." finished 25
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