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Since December 2022, rainfall across most of Iraq has been positive, expected to result in favorable yields and increased production for winter crops wheat and barley, with rice expected to rebound this summer for marketing year (MY) 2023/24.
On May 17, the Government of Iraq (GOI) announced higher purchase prices for locally-produced wheat in an effort to incentivize farmers to market their crop to the Ministry of Trade. On June 8, the GOI also passed a food security bill that allows the government to use public funds to meet urgent food needs, including issuing tenders to import wheat.
Continued drought and water shortages is affecting economic activities in Iraq, especially grain production in 2022. The Iraqi Ministry of Agriculture cut agricultural cropping in irrigated areas to 50 percent less than the previous year due to shortages in surface water.
The Iraqi Ministry of Agriculture recently released its 2021 plans for total planted area of summer crops – corn and rice – following approval by the Ministry of Water Resources.
Effective April 15, Iraq’s Ministry of Agriculture issued a number of decisions to restrict the transshipment of wheat and barley inside Iraq to limit the entry of crops from unknown sources.
Economic growth and rising incomes are propelling demand for broiler meat in the Middle East and Turkey is stepping up to fill demand.