The decline in imports to Iraq is linked to the country’s record wheat crop, with the government authorizing up to 2 million tonnes of grain exports this year.
The measure aims to shield consumers from the impact of rising global wheat and barley prices on bread production costs.
The government had aimed to buy between 4-5 million tons of wheat from local farmers during the 2024/25 season.
While corn is under pressure, Bulgaria’s wheat harvest has improved, rising an estimated 8.5%.
The ban will remain in place for 30 days, effective immediately and lasting until Friday, October 3.