Food & Agriculture
Syria’s sugar beet output is forecast by the Ministry of Agriculture to drop by two thirds.
Syria’s General Company for Bottling Water, a state-owned venture, reported profits in its 2012 operations.
The government has raised the procurement price of the wheat it is buying from its farmers this season.
The Syrian government has ordered the transfer of wheat stored in the northeast of the country to Damascus, according to local press reports.
Syria plans to import 1.1 million tons of wheat in order to meet local demand, according to a state official.
The Syrian Government is suspending all loans to cotton growers, an unprecedented move for the pro-farmers Baathist-led government that signals increasing financial difficulties for the Syrian authorities.
An Iranian company will build five new flour mills in Syria under a contract that will be financed by the recent credit line provided by Tehran to the Syrian government.
Syria’s sugar beet crop is likely to witness a steep decline this year as farmers planted the crop on only 40 percent of the allocated area, according to an official from the Ministry of Agriculture.
A fire destroyed large parts of the Nestle factory in Syria at the end of February, one of several large plants to have been damaged around the Syrian capital in recent weeks.
The Syrian government has issued a new tender to import wheat 100,000 tons of soft milling wheat from international markets.
The General Organization of Tobacco has reported a decline in production partly due to sanctions that have suspended output at its Gitanes and Lucky Strike factories.
Syria has contracted for the import of an additional 100,000 tons of wheat, according to news reports.
Demand for sugar fell 40 percent last year according to Tarif Al-Akhras, a major local trader in the commodity.
The Food and Agriculture Organisation of the United Nations, has issued an alarming statement on the state of the Syrian agricultural sector and on its impact on both the levels of food supply and the livelihood of large segments of the Syrian population.
Nama, a listed agro-food company, witnessed a 5 percent annual decline in its 2012 revenues, although it still managed to post a profit.
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