Trade announces that the price hike crisis has passed... and warnings of the repercussions of food s

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[size=52]Trade announces that the price hike crisis has passed... and warnings of the repercussions of food security[/size]

[size=45]Baghdad / Hussein Hatem[/size]
[size=45]The crisis of rising prices has not left Iraq since the change in the exchange rate of the dollar in late 2022, as prices remained in constant fluctuation, and after about two years of changing the exchange rate, the Ministry of Commerce announced that the price hike crisis had been overcome by adopting a successful policy represented in distributing the items of the ration card on the market.[/size]
[size=45]Yesterday, Minister of Commerce Alaa al-Jubouri confirmed, yesterday, in a statement issued by his ministries and received by (Al-Mada), that "trade has succeeded in overcoming the crisis of high prices by adopting the distribution policy for the items of the ration card on the market and controlling prices in order to create a price balance, since the ration card system in force in Iraq It directly affects prices in the local market.”[/size]
[size=45]He added, "The activation of the commercial flour project, and the government's approval of the Food Security Law for the purchase of wheat, in addition to the quantities produced in Iraq, contributed significantly to controlling the price hike indicated by recent World Bank reports."[/size]
[size=45]In turn, the Director General of the General Company for Foodstuff Trading in the Ministry of Commerce, Lama Al-Moussawi, says that “in the past four years, the ration card materials were limited to oil and sugar, in addition to flour, which was distributed intermittently up to every 4 months, but after the launch of the food basket in In July of last year, the situation changed a lot.[/size]
[size=45]Al-Moussawi continued, "We started distributing the food basket, which includes sugar, oil, rice, legumes and paste every 45 days, and at the beginning of this year, thanks to the allocations that were made available to us, we were able to distribute them on a monthly basis, and we are continuing to do so at a time witnessing a food crisis and a rise in prices."[/size]
[size=45]She pointed out, "Iraq, according to the indicators of international organizations, is among the countries least affected by the global food crisis," noting that "food prices decreased due to the regular distribution of the food basket on a monthly basis and the support of trade despite its increase globally, as the price of a bag of Thai rice became 18,000. dinars after it was 43 thousand dinars.”[/size]
[size=45]Al-Moussawi explained, "The ministry sought from the beginning to maintain and balance prices, and then we went to reduce them," noting that "many families relied on the food basket items, after the regularity of its distribution mechanism, and it became distributed at the beginning of each month through agents, and these dates Fixed until the end of the year.[/size]
[size=45]In turn, the economic affairs specialist, Safwan Qusay, says, "The process of controlling prices in the market is through providing sufficient storage at the Ministry of Commerce, to control the markets by pumping additional materials in the event of an increase in prices, as well as the possibility of local production."[/size]
[size=45]Qusay added, "The process of controlling prices is still subject to global supply and demand, and the import process," noting that "the process of achieving strategic food security needs agricultural investment; To have internal food security that is not affected by fluctuations in international prices.”[/size]
[size=45]He pointed out, "Dangers still pose to food security, as the Emergency Support Law for Food Security and Development does not repeat itself during the year 2023."[/size]
[size=45]Qusay pointed out, "The country needs a budget to determine the funds required to cover the items of the food basket and the ration card," warning against "delaying the formation of a new government, and the repercussions that local markets may witness."[/size]
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