Food & Agriculture
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.
Syria has issued a tender to export wheat stocked in the northeast and that it apparently cannot ship to western parts of the country.
Syria’s 2014 wheat crop could fall to as low as 1 million tons according to farming experts interviewed by Reuters.
The Commercial Bank of Syria is allocating new funds to purchase the wheat crop from farmers.
The Syrian government is about to issue a tender for the import of new volumes of flour, a state official said.
Syria has budgeted some SYP 138 billion for the import of flour in 2014, a government official said.
Sales at Syria’s only water bottling company grew in value but fell sharply in volumes last year.
Syria’s tobacco organisation, a traditionally important contributor to the Treasury, announced a decline in cigarette production volumes last year as several plants stopped production.
The turnover of Syria’s state-owned food companies last year was only at a third of the planned turnover.
2nd International Finance Markets Investment Forum 2011
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Tenders and Contracts
Damascus Chamber of Commerce