The shipment is an initiative of QazTrade, a single export development operator under the Kazakhstan Ministry of Technical Infrastructure.
The agreement combines Bioceres’ proprietary HB4 technology with CWRF’s leadership in US wheat innovation to create a next generation wheat production system.
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 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%.