AMMAN — The Kingdom paid 35 percent more per tonne of
wheat compared to the average cost of purchases made at the end of last year,
according to local media outlets.
اضافة اعلان
The Ministry of
Trade, Industry, and Supply purchased 120,000 tonnes of wheat at $500 per tonne
compared to $370 per tonne last year. All the shipments arrived at the Port of
Aqaba.
According to
data, this latest shipment represents 11 percent of the total wheat stocks that
have been contracted, in addition to what is already the country’s silos.
The country’s
current wheat stocks, in addition to what is yet to be purchased, will sustain
the country’s monthly consumption of 90,000 for 12 months, according to
ministry data.
Additionally,
the price of barley imports has increased by 26 percent compared to the end of
last year, bringing the price of 1 tonne to $433 from $344.
The most recent
purchase of 120,000 tonnes of barley constitutes 15 percent of the total stocks
of barley owned by the Kingdom.
The ministry’s
data show that total quantities of barley in silos and those on the way to the
Kingdom amount to 800,000 tonnes, covering the Kingdom’s consumption for a
period of up to 10 months, with monthly consumption currently standing at
80,000 tonnes.
In this year’s
state budget, the government had allocated JD60 million for wheat and feed
subsidies, an increase of JD5 million over the amount allocated in last year’s
budget.
The ministry
recently launched two separate tenders for the purchase of 240,000 tonnes of
wheat and barley in order to increase the Kingdom’s stocks.
The construction
of grain silos has contributed significantly to increasing the Kingdom’s
storage capacity of both wheat and barley.
The government
buys wheat and sells it to mills in order to extract the standardized flour at
a rate of 78 percent, and the percentage of bran extraction is 22 percent,
while the selling price of the bran has been set at JD140 per tonne, excluding
sales tax.
The Kingdom’s monthly
consumption of standardized flour for bread production is about 52,000 tonnes,
or about 1,750 tonnes per day. The ministry also imports barley and sells it to
sheep breeders at subsidized prices.
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