# How the Iraq rice deal impacts southwest Louisiana farmers

> Iraq is set to purchase 15,000 metric tons of US rice, and Louisiana farmers expect a modest benefit. LSU AgCenter economist Kurt Guidry said the deal could help stabilize a trend toward lower prices.

- Date: 2018-08-24 · published 2018-08-24T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/63597-how-the-iraq-rice-deal-impacts-southwest-louisiana-farmers
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

A small export tender adds some demand for US rough rice, but at 15,000 tons it is too small to move prices much.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2018-12-30 | [China Market Open for Import of U.S. Milled Rice; Big Deal for Louisiana and Rice Farmers — Louisiana Farm Bureau News](https://feedsoft.ai/events/61658-china-market-open-for-import-of-u-s-milled-rice-big-deal-for-louisiana-and-rice.md) | +3.5% | +6.7% |
| RICE | 2020-08-19 | [Global Markets: Rice – Trade Contracts on Low Exportable Supplies — Louisiana Farm Bureau News](https://feedsoft.ai/events/51702-global-markets-rice-trade-contracts-on-low-exportable-supplies-louisiana-farm.md) | +0.8% | +2.0% |
| RICE | 2017-08-01 | [Texas Rice Farmers Hope China Deal Brings More Than a Grain of Relief - AgriBusiness Global](https://feedsoft.ai/events/69528-texas-rice-farmers-hope-china-deal-brings-more-than-a-grain-of-relief.md) | -1.8% | +0.6% |
| RICE | 2017-07-27 | [Louisiana rice industry stands to gain from China sales \| Eunice News](https://feedsoft.ai/events/70028-louisiana-rice-industry-stands-to-gain-from-china-sales-eunice-news.md) | +1.8% | +0.2% |
| RICE | 2017-06-06 | [Coarse rice price soars \| The Daily Star](https://feedsoft.ai/events/70561-coarse-rice-price-soars-the-daily-star.md) | +2.3% | +4.3% |

## Sources

- kplctv.com: https://www.kplctv.com/story/38952062/how-the-iraq-rice-deal-impacts-southwest-louisiana-farmers/

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