Iraq"s market for cereals and legumes has shown distinctive patterns in recent years, driven by both domestic demand and international trade conditions. These commodities are critical for Iraq"s food security and agricultural economy. The trade volume of cereals has seen a steady increase, aligning with Iraq"s growing population and the subsequent rise in consumption needs. According to recent CSV data, the quarterly trade volume for cereals has risen by approximately 5% compared to the previous year, signifying robust demand. Price trends, however, have been volatile. The average import price for cereals has increased by about 8% year-on-year, influenced by global supply chain disruptions and fluctuating fuel prices, which impact transportation costs. Legumes, on the other hand, have experienced a slightly different trajectory. While trade volume has remained relatively stable, there has been a noticeable price decline of around 3% over the last quarter.
This decrease is attributed to favorable harvests in key exporting countries, leading to an oversupply in the market. The data indicates that Iraq"s dependence on imports for these essential commodities remains significant, as domestic production struggles to meet national demand. Therefore, the role of international suppliers is crucial. Companies looking to engage with Iraq"s cereals and legumes market should consider these pricing trends and the growing demand to strategize effectively. Aritral, an AI-driven B2B platform, offers invaluable resources for companies seeking to navigate the complexities of international trade in Iraq. With services like Product Listing, Direct Communication, Global Sales Assistance, AI-Powered Marketing, and Profile Management, Aritral facilitates efficient and effective market entry and expansion for businesses dealing in cereals, legumes, and other commodities. "
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