SocalDinar Posted December 31, 2015 Report Share Posted December 31, 2015 Iraq to stop sugar imports as output rises BAGHDAD, Iraq will stop imports of refined sugar for a government food distribution programme, as the nation's own production rises, officials said on Wednesday.The government has signed a contract with Etihad to be supplied with sugar from its refinery in Hilla, south of Baghdad, said Qasim Hmoud, Iraq's State Company for Foodstuff Trading's general manager, in a statement on the trade ministry website.The sugar bought by the government is distributed for free to the population under a food rationing program that also includes flour, cooking oil and rice."The year 2016 will be the year of relying on national products to supply the rationed food card items," Hmoud said.The contract with Etihad would effectively put an end to refined sugar imports, said a trade ministry spokesman.Iraq is reviving its national industry after years of neglect, as it seeks to reduce dollar imports after falling oil prices hurt its income.Its traditional sugar suppliers are Brazil, the United Arab Emirates and Canada.The Etihad refinery will be able to supply all the sugar distributed under the rationing program, the company's commercial manager Haider Al-Numani told Reuters. The company imports its raw sugar from Brazil, he said.Iraq consumes 900,000 tonnes of sugar per year, the majority of it through the rationing program, the trade ministry spokesman said. – ] Reuters http://www.tradearabia.com/news/MISC_297782.html Good article . I guess someones gotta eat their Hat 2 Quote Link to comment Share on other sites More sharing options...
calkid11 Posted December 31, 2015 Report Share Posted December 31, 2015 Thank you 1 Quote Link to comment Share on other sites More sharing options...
sandfly Posted January 1, 2016 Report Share Posted January 1, 2016 THIS TELLS ME THINGS ARE PICK UP FAST. THANKS 1 Quote Link to comment Share on other sites More sharing options...
new york kevin Posted January 1, 2016 Report Share Posted January 1, 2016 Another Iraqi company to possibly invest in, along with Zain electronic banking system. 1 Quote Link to comment Share on other sites More sharing options...
Calijim1 Posted January 1, 2016 Report Share Posted January 1, 2016 Home grown commodities are the foundation to a good economy. Quote Link to comment Share on other sites More sharing options...
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