Wheat News

The Autonomous Administration in North and East Syria has estimated this year’s budget at USD 1.06 billion, with projected revenues of USD 670 million, primarily from oil revenues, resulting in an expected deficit of USD 389 million, with no clear plan on how this deficit will be covered.
During the visit of a Syrian business delegation to Belgrade in May, Serbian University Novi Sad announced dozens of scholarships for the children of Syrian regime soldiers killed in action. The choice to offer scholarships to children of the Syrian ‘martyrs’ is highly politically charged, given the widely documented international law violations perpetrated by the Syrian army in 13 years of conflict. 
The Minister of Economy of the Syrian Interim Government, AbdulHakim Al-Masri, delves into the most pressing issues facing the areas under SIG control and offers an insight into the SIG’s organisational structure and the economic activity in the region.
The Autonomous Administration in Northeast Syria (AANES) has announced a remarkably low wheat procurement price of USD 310 per tonne for the current season, down from USD 430 in 2023, sparking a wave of protests from farmers in several cities, among them Qamishli, Raqqa, Darbasiyah and Amuda. 
The Syrian government has issued their wheat procurement prices at SYP 5.5 million (around USD 366) per tonne, a stark increase from the SYP 2.8 million per tonne offered to local farmers in 2023 and the SYP 2 million offered in 2022.
Syria and Russia have signed an agreement to strengthen economic cooperation and bolster joint investments. On October 28 and 29, the Joint Syrian-Russian Intergovernmental Committee for Scientific, Technical, Commercial, and Economic Cooperation met in Moscow to ink the deal focusing on infrastructure development (including transportation and public works) and the agricultural, industrial, and pharmaceutical sectors.
A decision by the Syrian government to shift phosphate exports handled by the Port of Lattakia to the port of Tartous has highlighted tensions between the foreign private operators of these ports and the government. Syria holds the fourth or fifth largest rock phosphate reserves worldwide.
Amid rising food insecurity levels and wheat shortages, the Syrian government has recently contracted with Russian suppliers for the import of 1.4 million tonnes of soft wheat, which is used to produce bread. The wheat harvest across the country has improved this year but still falls short of the local demand.
The government recently sent a rare ministerial delegation to Northeast Syria to oversee public services and projects in areas under its control, mainly the cities of Hassakeh and Qamishli.
The Syrian government and the Autonomous Administration of North and East Syria appear to have reached trade deals for certain commodities needed in the northeast and wheat needed in regime-held areas.