Jordan Builds Record Wheat Hoard as Nations Boost Food Security
(Bloomberg) -- Jordan has become the latest Middle Eastern country to strengthen food security as the coronavirus pandemic upends supply chains and causes soft commodity prices to rise.
The kingdom has increased wheat reserves to a record 1.35 million tons, enough to meet its needs for 17 months, and wants to grow them further, according a spokesman of the Ministry of Industry and Trade.
“Jordan is working on boosting its strategic reserve to ensure food safety amid uncertainties in light of coronavirus,” Yanal Barmawi said by phone.
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Jordan depends on wheat imports mainly from the Black Sea region. The U.S. Department of Agriculture expects the country to harvest 25,000 tons in the 2020-21 marketing year, about the same as the previous year. That’s a fraction of local consumption, which is around 879,000 tons.
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