Food & Agriculture
The Syrian farming sector has taken losses of SYP 101 billion from international sanctions and the violence engulfing the country according to the Minister of Agriculture.
Syria is seeking to purchase new quantities of soft wheat from Ukraine, according to government officials.
Syria is paying a premium of some 5 percent on the wheat it is importing from global markets, as exports to the country grow increasingly routine, according to Reuters.
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.
Tenders and Contracts
Damascus Chamber of Commerce
Damascus International Fairground