Jordan's wheat stocks sufficient to last ten months Feb. 24, 2016
On February 1, Ministry of Industry of Trade (MIT) announced that the country's wheat inventory is 895 thousand metric tons (TMT),of which 640 TMT are inside the country and 250 TMT contracted or on sea. The inventory would be sufficient for 10 months of consumption. The country's consumption increased in five years from 720 TMT to 1,115TMT, mostly due to the influx of Syrian refugees for the surge in demand.
The impasse between the Government of Jordan (GoJ) and traders seems to be over after MIT and Jordan Food and Drug Administration (JFDA) signed a memorandum of understanding with MIT outlining the role of each in the wheat tendering process. This seems to have assuaged traders who have started to make offers on MIT's tenders