Food & Agriculture
Syria has signed a contract to import 50,000 tons of flour through an Iranian company in order to meet local demand.
Sales of the General Organization of Tobacco, a state monopoly that usually generates significant revenues for the Treasury, reached SYP 25 billion in the first nine months of the year, as the company seeks to produce cigarettes under license from a Russian group.
Syria’s state-owned water bottling company, which owns a large share of the market, posted its numbers for the first three quarters of the year.
Syria has contracted a Dutch company for the import of cows, an indication of how low Syria’s livestock levels have fallen.
Wheat imports to Syria in the first eight months of this year have been robust, data from a Government official show.
Syria’s olive oil production is expected to drop by almost half this year because of the poor climatic and security conditions.
Syria’s seed cotton crop is expected to be at only a quarter of its planned output.
The volumes of wheat purchased by the Syrian Government from its farmers is well below last year’s already historically low level.
The daily consumption of flour in Government areas has declined by some 40 percent compared to its level prior to the uprising, according to a Government official.
The government has extended an exemption of all import fees and duties on a list of food items imported by state entities until the end of this year.
Syria’s olive production, a major bread earner in various parts of the country, will be declining this year, according to the Ministry of Agriculture.
The Syrian government is preparing to issue tenders for the import of sugar and rice to meet this year’s demand.
The Syrian Parliament has passed a draft law exempting farmers from arrear penalties as well as from interests on money borrowed from the Agricultural Cooperative Bank.
The Islamic State of Iraq and Sham has reportedly imposed a tax on farmers in a bid to raise its revenues.
A report from the Food and Agriculture Organisation has confirmed the bleak prospects for Syria’s 2014 agricultural crop.
Damascus International Fairground
SME Support Fund
Damascus Chamber of Commerce