Iraq declares self-sufficiency in wheat

approximately $500 million due to a surplus of 1.5 million tons of wheat, driven by better-than-expected rainfall and significant government funding. To boost production in often arid conditions, the government pays farmers more than double the global market price. Haider Nouri, Director of Iraq’s General Company for Grain Trade, stated that the country’s strategic wheat reserves exceed 5.5 million tons, sufficient to meet domestic demand for a year, ensuring stable flour prices amid potential global crises. Iraq was self-sufficient in wheat for three years before the Ukraine conflict, producing 4.7 million tons ...