Published 13 Sep,2020 via Bloomberg Markets - Iraq will offer barley for export for the first time after ample rains and price incentives spurred farmers to grow a surplus of the grain.
The government plans to start auctioning 700,000 tons of the grain next week and anticipates interest from Gulf Arab states, Jordan and countries in North Africa, agriculture ministry spokesman Hameed Al-Nayef said by phone. It’s setting a minimum price of $125 per ton.
“The reason behind the barley surplus is the water reserve we had from last year,” Al-Nayef said. The 700,000 tons is from last year’s harvest of 1.2 million, he said. “This year we harvested 600,000 tons.”
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Khalid Al-Ansary