Food & Agriculture
Syria has finally concluded a deal to buy wheat from Russia albeit at a significantly discounted price.
The Syrian government may, after all, not be able to pay for the one million tons of wheat it has tendered to buy from Russia.
The Syrian government is expected to announce in the next few days the name of the Russian company that will be contracted for the supply of one million tons of soft wheat.
Although estimates of Syria’s wheat crop vary they all confirm a further decline in output.
Damascus and Moscow have reportedly reached a deal on the supply of Russian wheat on preferential terms.
Lebanon has lifted the ban, imposed only three months ago, on the import of fruits and vegetables from Syria.
Syria has issued a huge tender to buy one million tons of soft wheat from Russia, which even by international standards is a very large volume.
Syria’s grains purchasing entity, Hoboob, has awarded a contract to buy 200 thousand tons of Russian soft milling wheat.
The volume of wheat bought by the Syrian Government from its farmers this year is likely to be even smaller than last year’s record low level, meaning large amounts will need to be purchased from private sector traders or imported.
The Syrian authorities are increasing sharply the procurement price of tobacco grown by farmers in the coastal area, an important support base.
Syrian exports of agricultural products to Russia stood at USD 10 million since the launch of the Russian export village in Lattakia six months ago.
Lebanon has banned all imports of Syrian fruits and vegetables until early next year, in a move to protect its farmers.
The Syrian Government has announced a sharp annual increase in the price it will pay farmers to buy the wheat harvest.
The Syrian opposition investment fund has announced a new allocation of money to help food supply sustainability in the northern opposition-controlled areas.
An Iranian engineering company has won a contract to renovate a grain silo in Lattakia.
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