Syria Expects to Halve Wheat Imports after ‘Very Good' Harvest

A Syrian farmer in a wheat field in Afrin on Wednesday. (Getty Images)
A Syrian farmer in a wheat field in Afrin on Wednesday. (Getty Images)
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Syria Expects to Halve Wheat Imports after ‘Very Good' Harvest

A Syrian farmer in a wheat field in Afrin on Wednesday. (Getty Images)
A Syrian farmer in a wheat field in Afrin on Wednesday. (Getty Images)

Syria will import half as much wheat in 2023 as the previous year due to an expected boost in the domestic harvest, Minister of Agriculture Mohammad Hassaan Qatna said on Monday.

Before war erupted in 2011, Syria produced around 4 million tons of wheat yearly, enough to feed itself and export to neighboring countries. But with erratic rainfall patterns and the country's traditional breadbasket in the northeast outside government control, production has been paltry in recent years, said Reuters.

Russia's invasion of Ukraine last year prompted a spike in worldwide grain prices, making Syrian imports more expensive even as Damascus relied more on external sources.

"This year, the rainfall at the beginning of the season was a bit delayed, but all the planned areas were cultivated and the rainfall distribution was good," Qatna told Reuters in an interview in Beirut.

As a result, Qatna said, winter wheat production was "very good" and anticipated imports will be about "50% of what Syria used to import in past years", describing it as "a good achievement".

Last year, Syria imported around 1.5 million tons of wheat, with Russia providing all but a fraction of them, according to Refinitiv data.

Qatna said areas in the north - where Türkiye-backed rebels as well as US-backed Kurdish fighters each control swathes of separate territory – had not been cultivated by the central Syrian authorities.

He declined to provide Reuters with specific figures on production and import.

Qatna said Syria mainly imports wheat from Russia, which has backed the Syrian government militarily and financially.

Russian authorities have not disclosed grain supplies to Syria for a number of years. Last year, Reuters reported that wheat sent to Syria from the Black Sea port of Sevastopol in Crimea increased 17-fold to just over 500,000 tons.



Oil Up as Israel, Hezbollah Trade Accusations of Ceasefire Violation

FILE - An aurora borealis, also known as the northern lights, makes an appearance over pumpjacks as they draw out oil and gas from well heads near Cremona, Alberta, Thursday, Oct. 10, 2024. (Jeff McIntosh/The Canadian Press via AP, File)
FILE - An aurora borealis, also known as the northern lights, makes an appearance over pumpjacks as they draw out oil and gas from well heads near Cremona, Alberta, Thursday, Oct. 10, 2024. (Jeff McIntosh/The Canadian Press via AP, File)
TT

Oil Up as Israel, Hezbollah Trade Accusations of Ceasefire Violation

FILE - An aurora borealis, also known as the northern lights, makes an appearance over pumpjacks as they draw out oil and gas from well heads near Cremona, Alberta, Thursday, Oct. 10, 2024. (Jeff McIntosh/The Canadian Press via AP, File)
FILE - An aurora borealis, also known as the northern lights, makes an appearance over pumpjacks as they draw out oil and gas from well heads near Cremona, Alberta, Thursday, Oct. 10, 2024. (Jeff McIntosh/The Canadian Press via AP, File)

Oil prices ticked up on Thursday after Israel and Lebanon’s Hezbollah traded accusations that their ceasefire had been violated, and as Israeli tanks fired on south Lebanon.

OPEC+ also delayed by a few days a meeting likely to extend production cuts.

Brent crude futures edged up by 30 cents, or 0.4%, to $73.13 a barrel by 1741 GMT. US West Texas Intermediate crude futures were up 23 cents, 0.3%, at $68.93. Trading was thin because of the US Thanksgiving holiday, Reuters reported.
Israel's military said the ceasefire was violated after what it called suspects, some in vehicles, arrived at several areas in the southern zone.
The deal, which took effect on Wednesday, was intended to allow people in both countries to start returning to homes in border areas shattered by 14 months of fighting.
The Middle East is one of the world's major oil-producing regions, and while the ongoing conflict has not so far not impacted supply it has been reflected in a risk premium for traders.
Elsewhere, OPEC+, comprising the Organization of the Petroleum Exporting Countries and allies including Russia, delayed its next policy meeting to Dec. 5 from Dec. 1 to avoid a conflict with another event.
Also supporting prices, OPEC+ sources have said there will again be discussion over another delay to an oil output increase scheduled for January.
"It's highly unlikely they are going to announce an increase production at this meeting," said Rory Johnston, analyst at Commodity Context.
The group pumps about half the world's oil but has maintained production cuts to support prices. It hopes to unwind those cuts, but weak global demand has forced it to delay the start of gradual increases.
A further delay has mostly been factored in to oil prices already, said Suvro Sarkar at DBS Bank. "The only question is whether it's a one-month pushback, or three, or even longer."
Depressing prices slightly, US gasoline stocks rose 3.3 million barrels in the week ending Nov. 22, the US Energy Information Administration said on Wednesday, countering expectations of a small draw in fuel stocks ahead of holiday travel.
Slowing fuel demand growth in top consumers China and the US has weighed on oil prices this year.