Agriculture Ministry Details Wheat Storage Plan
The Ministry of Agriculture, Water Resources, and Fisheries has announced that the country is preparing to secure its grain needs through bidding processes to purchase quantities of wheat. This initiative aims to align with the start of the local harvest of hard wheat, and to ensure the procurement of soft wheat after the outbreak of war in the Middle East region, with plans to secure the purchases until the end of July 2026. The ministry also indicated that it is monitoring global developments and their impact on grain markets, while working to provide the necessary funding to guarantee supplies throughout 2026. It further confirmed that the ongoing conflict between Iran, Israel, and the United States has directly affected oil and energy markets and indirectly influenced grain markets through increased transportation and insurance costs. These effects could escalate if the war persists, potentially disrupting supply chains due to pressure on maritime straits.
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