DUBAI- Iraq's cabinet approved buying the whole local wheat harvest exclusively for the current season and the price it will pay for the crop will be according to the global-index price, it said in a statement on Tuesday.
Tuesday's announcement comes as Iraq, a major grain importer, takes urgent measures to secure strategic stocks of wheat and support a local food subsidies program in the light of recent Ukraine-Russia crisis and its impact on food security.
(Reporting by Lilian Wagdy Writing by Riham Alkousaa Editing by Catherine Evans)
