strategic wheat reserves will have enough Iraq for four months, said the representative of the country’s Ministry of Trade, Muhammad Hanun on May 18, Ina
reports.
“existing reserves are capable of covering the need [in wheat] within four months. Hence the need for [increase] strategic reserve, which requires effective measures from the government and parliament to ensure food security,” Hanun said.
In addition, the Iraqi Ministry of Agriculture on May 17 announced an increase in the purchase price of wheat by 100 thousand dinars (about $ 68.5) per ton. The ministers of the country’s economic bloc voted for taking such a measure after it was recommended by the country’s Minister of Agriculture Muhammad al-Khafaji. Thus, the cost of one ton of wheat in Iraq was 850 thousand dinars (approximately $ 582.2).