News

Jordan is filling wheat reserves

Wheat
Published Apr 18, 2024

Tridge summary

Jordan is set to maintain its wheat imports at 1.2 million tonnes for the 2024-25 period, aiming to strengthen its strategic grain reserves amid inflation and regional conflicts that disrupt trade routes, such as attacks in the Red Sea. Despite the country's population doubling in the last two decades, its domestic wheat production can only sustain about a week's consumption, with no expected changes in production or consumption levels from the previous year. Jordan is also planning to increase its barley and corn imports to cater to the growing demand for animal feed, underscoring its dependence on international trade for food security in the face of environmental and geopolitical challenges.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Wheat imports for Jordan are estimated to reach 1.2 million tonnes in 2024-25 as the government begins filling its strategic grain reserves to mitigate inflationary shocks caused by geopolitical crises, according to a report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture. If realized, wheat imports would remain at the same level as 2023-24, but up from 1 million tonnes in 2022-23, noted the Global Agricultural Information Network (GAIN) report, released on April 8. Situated on the Arabian Peninsula, Jordan is one of the world’s most arid nations and depends on global trade for its food security. Over the past two decades, Jordan’s population has more than doubled to 11 million, taxing its natural resource base. “Regional conflicts among its major grain suppliers in the Black Sea region and in neighboring countries have compounded existing price pressures for many basic food staples further weighing on Jordan’s economic outlook,” the FAS said. “Red ...
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