Jordan: Plan to increase wheat and barley storage to about 2.5mln tons, Ministry says

Ministry of Industry, Trade and Supply’s media spokesperson Yanal al-Baramawy confirmed the availability of sufficient and safe strategic stocks of wheat and barley, sufficient for local consumption for a period of 12 months each.

He said that the availability of this stock makes the Kingdom immune in the short term from being affected by Russia’s withdrawal from the grain agreement.

If the crisis is prolonged, it will certainly have negative repercussions on global markets and grain supplies, especially wheat, which may lead to higher prices and affect importing countries, he noted.

He explained that Jordan imports wheat and barley from different origins, and that the ministry has a plan to increase the Kingdom’s storage capacity of wheat and barley to about 2.5 million tons by the end of this year, by establishing more containers.

He pointed out that the Ministry of Industry, Trade and Supply is constantly offering tenders to purchase more quantities, to keep stocks at high levels, indicating that Jordan’s monthly consumption of wheat amounts to 90,000 tons.

Tags: Global Markets, wheat, imports, Jordan, supplies, consumption, grain agreement, strategic stocks, Russia, grain, barley