Food & Agriculture
The state-owned water bottling company, which has a monopoly over mineral water bottling in Syria, said it generated SYP 282 million in net profits in 2011.
Syria’s Cotton Marketing Organisation has bought a total of 638,000 tons of seed cotton from this year’s crop, according to its Director General, Nazir Lababidi.
Syria’s General Company for Mills produced 1.6 million tons of flour in the first nine months of this year and posted a trade loss of SYP 37.8 billion because of the subsidies it provides on this product.
The Syrian President has issued a decree requesting the Agricultural Cooperative Bank to ease lending procedures to farmers in a bid to boost production.
Syria’s General Company for Mills plans to grind 2.8 million tons of wheat next year and to produce out of it some 2.2 million tons of flour for bread production; about 1.7 million will be grinded through the company’s mills and the rest through private sector mills.
Syria’s olive oil production in the 2010/2011 crop is estimated at 180,000 tons, while exports are forecast at 25,000 tons, according to the International Olive Oil Council.
Syria recently extended until February of next year a tender to purchase 44,000 tons of rice from world markets.
Syria’s wheat crop is estimated to have reached some 3.8 million tons after initial forecasts had raised fears it would be at a much lower level.
Syria’s state-owned water bottling company has reported profits of SYP 254 million in the first three quarters of this year as it plans to capitalize on its monopoly status to expand capacity.
The price paid by the Ministry of Agriculture to farmers growing cotton will remain stable this year.
Syria has contracted a Ukrainian State company, Hlib Investbud, for the purchase of 100,000 tons of soft wheat, according to press reports.
Syria’s pistachio crop is expected to reach 63,000 tons, according to Hassan Ibrahim, head of the Pistachio bureau in the Ministry of Agriculture.
Syria has signed an agreement for the purchase of 500 farm tractors from Iran.
In a bid to slow the increase in the price of meat in the local market, the Ministry of Economy has suspended the export of sheep of which Syria is a major exporter throughout the Middle East.
The Syrian President has issued a decree establishing a new fund that is projected to help local farmers cope with future major droughts.
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