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[size=36]Government directive to the Ministerial Council for the Economy[/size]
political| 04:54 - 08/03/2022
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Baghdad - Mawazine News
On Tuesday, the Council of Ministers issued a directive to the Ministerial Council to economize on food security in the country.
A statement by the Office of Prime Minister Mustafa Al-Kazemi, a copy of which was received by Mawazine News, said that the Council of Ministers directed the Ministerial Council of Economy to be in a permanent session to address food security and strategic storage.
Earlier on Tuesday, the Council of Ministers approved a package of new decisions on food security and redressing the global rise in food prices.
The Media Office of the Presidency of the Council of Ministers said in a statement received by "Mawazine News" a copy of it, that the Council "approved, in its session held today, Tuesday, headed by Prime Minister Mustafa Al-Kazemi, a package of decisions and measures aimed at supporting food security and remedying the global rise in food prices resulting from coincidence of global crises.
The statement indicated that "the council approved the following decisions:
First / approval of receiving the local wheat crop in full (inside and outside the approved plan) for the current season exclusively.
Second/ The purchase price of the wheat crop for this season and subsequent seasons is according to the global price index approved by the Ministerial Council for the Economy, and is determined annually in October, and is reviewed in April if global prices change by more than 20%, up or down.
Third/ The price of receiving the wheat crop for the current season according to paragraph 1 above is 750 thousand dinars per ton.
Fourth / Completion of paying farmers’ dues for the previous agricultural season within 10 days, and paying farmers’ dues for the current season 2022 no later than June 30, 2022.
Fifth / Approving the minutes of the meeting on the agricultural plan and encouraging the use of modern irrigation techniques, signed by the Ministers of Agriculture and Water Resources and Adviser to the Prime Minister for strategic affairs.
Sixth / The Ministry of Finance, in coordination with the Central Bank of Iraq, provides sufficient liquidity through the initiative of the Central Bank of Iraq to support the agricultural sector to lend to farmers from government and private banks at an interest of 5% to be deducted for one time for the purpose of importing sprinkler irrigation systems (pivot and fixed) from solid international companies.
Seventh / The import ceiling of the Ministry of Commerce will be up to 3 million tons of imported wheat and according to what is marketed from the local crop to secure the ration card items and achieve food security, and contracts with solid companies and without intermediaries of all origins are in accordance with the Iraqi standard specification. Ended 29/R77
The Media Office of the Presidency of the Council of Ministers said in a statement received by "Mawazine News" a copy of it, that the Council "approved, in its session held today, Tuesday, headed by Prime Minister Mustafa Al-Kazemi, a package of decisions and measures aimed at supporting food security and remedying the global rise in food prices resulting from coincidence of global crises.
The statement indicated that "the council approved the following decisions:
First / approval of receiving the local wheat crop in full (inside and outside the approved plan) for the current season exclusively.
Second/ The purchase price of the wheat crop for this season and subsequent seasons is according to the global price index approved by the Ministerial Council for the Economy, and is determined annually in October, and is reviewed in April if global prices change by more than 20%, up or down.
Third/ The price of receiving the wheat crop for the current season according to paragraph 1 above is 750 thousand dinars per ton.
Fourth / Completion of paying farmers’ dues for the previous agricultural season within 10 days, and paying farmers’ dues for the current season 2022 no later than June 30, 2022.
Fifth / Approving the minutes of the meeting on the agricultural plan and encouraging the use of modern irrigation techniques, signed by the Ministers of Agriculture and Water Resources and Adviser to the Prime Minister for strategic affairs.
Sixth / The Ministry of Finance, in coordination with the Central Bank of Iraq, provides sufficient liquidity through the initiative of the Central Bank of Iraq to support the agricultural sector to lend to farmers from government and private banks at an interest of 5% to be deducted for one time for the purpose of importing sprinkler irrigation systems (pivot and fixed) from solid international companies.
Seventh / The import ceiling of the Ministry of Commerce will be up to 3 million tons of imported wheat and according to what is marketed from the local crop to secure the ration card items and achieve food security, and contracts with solid companies and without intermediaries of all origins are in accordance with the Iraqi standard specification. Ended 29/R77
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