The potential for grain exports from Russia to Iraq is estimated at 2.5 million tons per season

Published 2024년 9월 12일

Tridge summary

Iraq is set to import up to 200 thousand tons of wheat per month from Russia, totaling an estimated 2.5 million tons of grain per agricultural season, including 2 million tons of wheat. This move aims to reduce Iraq's dependence on flour imports by increasing domestic wheat processing. Last season, Iraq imported 6.5 million tons of grain, including 2.75 million tons of wheat. A new duty on flour imports, starting at 10% on September 1, 2023, will rise to 25% by January 1, 2025, and remain until June 30, 2025.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The potential for Russian grain exports to Iraq is estimated at 2.5 million tons per agricultural season, including 2 million tons of wheat, Eduard Zernin, Chairman of the Board of the Grain Exporters Union, told Interfax. According to him, this estimate by the Union coincides with the opinion of the head of the General Grain Trading Company of Iraq (GCGT) Haider Nouri al-Qaravi, according to whom Iraq plans to import up to 150-200 thousand tons of wheat per month from Russia. "Iraq imports 4-7 million tons of grain annually. The bulk of imports are wheat - 2-4 million tons and rice - 1.2-2.2 million tons per year," Zernin said. Last season, Iraq imported 6.5 million tons of grain, of which 2.75 million tons were wheat, as well as 2.1 million tons of rice. In addition, a record corn import was recorded - 1.55 million tons against the usual 0.8 million tons per season. According to Zernin, Iraq's intention to purchase Russian wheat can be assessed as another breakthrough in Russian ...
Source: Zol

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.