# US rice industry raises concerns as Iraq privately buys from Uruguay | S&P Global

> Iraq's government has handed rice procurement for its food basket scheme to a private company, which has bought 60,000 mt of Uruguayan rice directly, at about $560/mt FOB for the first cargo. US rice industry groups have lobbied to reverse the change, and Argentine and US suppliers are in talks with the buyer.

- Date: 2021-06-24 · published 2021-06-24T12:00:00.000Z
- Category: trade · region Iraq · magnitude low
- Page: https://feedsoft.ai/events/46667-us-rice-industry-raises-concerns-as-iraq-privately-buys-from-uruguay-s-and-p
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Direct private purchasing bypasses the tender system that US suppliers have relied on, which could shift some Iraqi demand away from US rice. The overall price effect on global rice is modest.

## Read by commodity

- RICE: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2022-07-06 | [FEATURE: Confusion reigns as Iraq weighs buying rice from Thailand, US](https://feedsoft.ai/events/40567-feature-confusion-reigns-as-iraq-weighs-buying-rice-from-thailand-us.md) | +2.4% | +6.0% |
| RICE | 2026-05-11 | [INTERVIEW: Cambodia aims to top 1 mln mt rice exports in 2026 as costs and risks mount \| S&P Global](https://feedsoft.ai/events/19308-interview-cambodia-aims-to-top-1-mln-mt-rice-exports-in-2026-as-costs-and-risks.md) | +6.3% | +5.5% |
| RICE | 2018-03-23 | [China at center of global rice trade - Texas Farm Bureau](https://feedsoft.ai/events/66072-china-at-center-of-global-rice-trade-texas-farm-bureau.md) | +0.2% | +5.4% |
| RICE | 2018-06-08 | [Rice prices up for 6th straight month \| Philstar.com](https://feedsoft.ai/events/6748-rice-prices-up-for-6th-straight-month-philstar-com.md) | +9.7% | +8.0% |
| RICE | 2018-06-10 | [Asia Rice: India prices dip as Bangladesh production recovers \| Daily FT](https://feedsoft.ai/events/64597-asia-rice-india-prices-dip-as-bangladesh-production-recovers-daily-ft.md) | +10.6% | +8.7% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/062421-us-rice-industry-raises-concerns-as-iraq-privately-buys-from-uruguay

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