News International Sugar Journal

Iraq – large purchase cuts sugar shortage [Registered]

Iraq’s recent purchase of more than 200,000 tonnes of white sugar, more than a quarter of its annual requirement, has eased a severe shortage in the nation’s food rationing programme, according to the head of the state-run Iraqi Foodstuff Trading Company. The purchase was made on world markets on 10 February ’11 at $930 per tonne cif, Saad Faris told Reuters. He declined to name the companies from which the sugar had been purchased. “The sugar crisis has ended,” Mr Faris said, adding rising world sugar prices were “illogical”. Mr Faris said the Foodstuff Trading Company, which is responsible for…

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