The ban on the export of wheat by Moscow and Kiev will cause a major crisis in food supplies in the countries of Africa and the Middle East, which will be the most affected, while wheat is used in the manufacture of bread, pasta and animal feed, and any shortage could threaten food security in many countries.
Iraq is considered among the Arab countries threatened by the rise in bread prices, due to the decisions to prevent the export of wheat and the consequences of the war between Moscow and Kiev.
وكشف Iraqi Trade Minister Alaa Al-Jubouri, that the strategic stock of wheat in the country is sufficient until next April, stressing that his ministry is working to create a strategic stockpile of wheat by importing 3 million tons, and allocating $100 million for urgent purchase.
And the Iraqi economist Abdul Rahman Al-Mashhadani says in an interview with the website: "Sky News Arabia"The stock of wheat in Iraq is relatively good, especially since it has long-term contracts with suppliers other than Russia and Ukraine, especially from Canada and Australia.".
Duration: "In this context, Iraq has a contract under which it is supposed to supply half a million tons of wheat next November, and now after the Iraqi Council of Ministers’ decision to allocate $100 million for a quick contract for wheat supplies, it can be said that things are under control.".
Next April, the harvest season begins in many governorates of Iraq, such as Basra, Nasiriyah and Amarah, Al-Mashhadani says, continuing:"This will contribute to good shares of the provision of wheat to cover the internal needs of the country, so there is no emergency crisis in the Iraqi wheat stockpile, as some portray".
But he adds: "The Ukrainian crisis will certainly be prolonged and prolonged Iraq Like the various countries of the region and the world, for this we need to provide alternatives and new sources, and to encourage local agricultural production, especially of grains and cereals".
Diagnosis: "International wheat prices, for example, have now risen dramatically, as the price per ton has reached nearly $600, and this is a very stimulating price to increase local production and ambition even towards export, and here the Iraqi government’s decision to adopt the international price for purchasing the local wheat crop is a positive and encouraging step for farmers, but we have to wait For the month of November, when the sowing season begins in the hope that the crop will be good and abundant, despite its decline during the past years due to drought and climate change factors, and because of the wrong policies of the Ministry of Water Resources, which called on the Ministry of Agriculture to reduce the water quotas allocated to agriculture, and thus the Ministry of Agriculture reduced the area of cultivated land to Unfortunately, this halved, which naturally contributed to the decline in Iraqi agricultural production".
Wheat prices are witnessing a significant increase, approaching the record levels recorded in 2008, amid expectations that they will exceed them, with the escalation of the effects of the Russian-Ukrainian war on global markets.
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What heightened concerns was the decision by Russia and Ukraine to stop exporting WheatRussia is the largest wheat exporter in the world, while Ukraine is the fifth largest, and is described as the breadbasket of Europe.
The ban on exporting wheat by Moscow and Kiev will cause a major crisis in food supplies in the countries of Africa and the Middle East, which will be the most affected, while wheat is used in the manufacture of bread, pasta and animal feed, and any shortage could threaten food security in many countries.
Iraq is considered among the Arab countries threatened by the rise in bread prices, due to the decisions to prevent the export of wheat and the consequences of the war between Moscow and Kiev.
وكشف Iraqi Trade Minister Alaa Al-Jubouri, that the strategic stock of wheat in the country is sufficient until next April, stressing that his ministry is working to create a strategic stockpile of wheat by importing 3 million tons, and allocating $100 million for urgent purchase.
Iraqi economist Abdul Rahman al-Mashhadani said in an interview with “Sky News Arabia” that wheat stocks in Iraq are relatively good, especially since it has long-term contracts with suppliers other than Russia and Ukraine, especially from Canada and Australia.
He continued, “In this context, Iraq has a contract under which it is supposed to supply half a million tons of wheat next November, and now after the Iraqi Council of Ministers’ decision to allocate $100 million for a quick contract for wheat supplies, it can be said that things are under control.”
Next April, the harvest season begins in many governorates of Iraq, such as Basra, Nasiriyah and Amarah, as al-Mashhadani says, continuing: “This will contribute to good shares of wheat provision to cover the country’s internal needs, so there is no emergency crisis in the Iraqi wheat stockpile, as some portray.” .
But he added: “The Ukrainian crisis will certainly be prolonged and prolonged Iraq Like the various countries in the region and the world, this is why we need to provide alternatives and new sources, and encourage local agricultural production, especially of grains and grains.”
He explains: “International wheat prices, for example, have now risen dramatically, as the price per ton has reached nearly $600, and this is a very stimulating price to increase local production and ambition even toward export. Here, the Iraqi government’s decision to adopt the international price for purchasing the local wheat crop is a positive and encouraging step for farmers, But we have to wait for the month of November, when the sowing season begins, in the hope that the crop will be good and abundant, despite its decline over the past years due to drought and climate change factors, and because of the wrong policies of the Ministry of Water Resources, which called on the Ministry of Agriculture to reduce the water quotas allocated to agriculture, and thus the Ministry of Agriculture reduced the area Unfortunately, the cultivated lands were halved, which naturally contributed to the decline in Iraqi agricultural production.
Wheat prices are witnessing a significant increase, approaching the record levels recorded in 2008, amid expectations that they will exceed them, with the escalation of the effects of the Russian-Ukrainian war on global markets.