Tag Archives: foodstuffs trading company

Iraq purchases 25% of its annual consumption

Iraq’s state run food company has purchased 200,000 tonnes of white sugar which accounts for approximately 25% of its annual consumption.  The purchase was made by the Foodstuffs Trading Company at a price in excess of $900 per tonne on a CIF basis.  Iraq consumes approximately 800,000 tonnes annually.

Iraq’s two sugar mills have not produced sugar since the invasion of Iraq in 2003 which has led the state to purchase sugar through open tenders.  The mills may be operational again in the near future. Recent protests in Iraq over the rising price of food have led the state to move to secure sugar supplies.

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