Exclusive: Syria makes major wheat deal with Russia after dire local harvest

14 Oct 2016   Russia, Syria

Picture taken September 16, 2016. Syria’s state grain buying agency Hoboob struck a deal to purchase one million tonnes of Russian wheat from political ally Russia, covering the needs of government-controlled areas for a year. The Damascus government subsidises bread for the areas it controls ensuring the supply of flat loaves that are a staple for Syrian people. Syria often buys wheat from Russia but this was an unusually large amount for a cheap price. The source said it should cover the government’s needs for this year until the next local wheat buying season in 2017. A Syrian government source close to the matter told Reuters Hoboob purchased the wheat at 150 euros ($168) a metric ton, on a cost and freight basis, and shipment would be for a year after opening up […]

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