이라크 곡물 및 시리얼 인사이트

On Friday, wheat prices on world exchanges fell by 1.6-3%, losing for the week to 4.5% of the price, under pressure from the new balance sheet of the IGC, the extension of the ban on imports of wheat by Turkey and the permission of the Russian Federation to transit grain from Kazakhstan. IGC experts in

Historically a major wheat importer, Iraq is facing an unexpected surplus in 2024-25 after growers planted a record area on the back of government subsidies aimed at improving self-sufficiency, and excellent growing-season rainfall led to a bumper harvest. With bread and flour products a dietary staple, wheat is an extremely important crop in Iraq, accounting for around 70 percent of total cereal production.

The Iraqi government is losing about $500 million as a result of a bountiful wheat crop and a massive grain surplus in the country, which is one of the major wheat importers in the Middle East. The surplus in Iraq’s wheat crop, which reached 1.5 million tons, is a result of better rainfall than anticipated