Jordan doubles grain purchase allocation to stabilise prices

Jordan has more than doubled its budget for grain purchases as part of efforts to maintain price stability and support the country’s farmers.

The government has allocated JD45 million ($64 million) to buy this year’s harvest, which is expected to be significantly larger than last year’s crop, state-run Petra news agency reported, citing government spokesperson Mohammad Momani.

The cabinet also decided to sell seed to farmers for the 2026/2027 season at the same prices it paid to purchase them.

Momani said the measures are intended to support farmers and encourage the expansion of wheat and barley cultivation, given their importance to national food security.

The Central Bank of Jordan expects inflation to stabilise below 2 percent in 2026, similar to 2025, supporting economic stability and investment activity, Al Mamlaka TV reported.

Data from the Department of Statistics (DoS) showed that Jordan’s inflation rate declined during the first five months of 2026, to 1.88 percent from 1.97 percent during the same period last year, the news channel reported.

This month Jordan secured an additional $188 million from the International Monetary Fund (IMF) after meeting reform targets under two support programmes.

“Jordan has preserved macroeconomic stability despite the strong headwinds from the war in the Middle East, supported by prudent policies, strengthened external buffers and robust international support,” IMF deputy managing director Kenji Okamura said in a statement.

Jordan launched a stimulus package worth JD760 million in April to inject fresh liquidity into banks and support tourism. The package followed an emergency plan to manage gas shortages, including rationalising supplies to the industrial sector.

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