# FEATURE: Confusion reigns as Iraq weighs buying rice from Thailand, US

> Iraq's buying entity is considering purchasing Thai rice for August shipment, while US industry hopes the existing MOU rice deal will be fulfilled. Thai rice is priced at a substantial discount to US rice, creating uncertainty about the destination of the purchase.

- Date: 2022-07-06 · published 2022-07-06T12:00:00.000Z
- Category: trade · region Iraq · magnitude low
- Page: https://feedsoft.ai/events/40567-feature-confusion-reigns-as-iraq-weighs-buying-rice-from-thailand-us
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

A potential Iraqi purchase of Thai rice would add export demand, but the discount to US rice suggests price competition among exporters.

## Read by commodity

- RICE: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2021-06-24 | [US rice industry raises concerns as Iraq privately buys from Uruguay \| S&P Global](https://feedsoft.ai/events/46667-us-rice-industry-raises-concerns-as-iraq-privately-buys-from-uruguay-s-and-p.md) | -1.3% | +1.5% |
| RICE | 2016-12-21 | [More US Rice Could Be Moving Into Turkey — Louisiana Farm Bureau News](https://feedsoft.ai/events/73545-more-us-rice-could-be-moving-into-turkey-louisiana-farm-bureau-news.md) | -2.2% | +3.8% |
| RICE | 2018-03-09 | [On the bubble - Rice Farming](https://feedsoft.ai/events/66071-on-the-bubble-rice-farming.md) | +1.2% | +1.9% |
| RICE | 2020-04-01 | [U.S. rice imports continue to grow, driven by aromatics - Rice Farming](https://feedsoft.ai/events/53704-u-s-rice-imports-continue-to-grow-driven-by-aromatics-rice-farming.md) | +2.2% | +28.3% |
| RICE | 2017-10-27 | [ACCURATE COMMODITY  TIPS\| BULLION MARKET TIPS\|BEST COMMODITY TIPS\|COMMODITY TRADING TIPS TODAY\|MCX: Rice prices in India dip on rising supply; Thailand eyes Sri Lankan demand](https://feedsoft.ai/events/68538-accurate-commodity-tips-bullion-market-tips-best-commodity-tips-commodity.md) | -3.0% | +8.1% |

## Sources

- spglobal.com: https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/agriculture/070622-feature-confusion-reigns-as-iraq-weighs-buying-rice-from-thailand-us

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.