BAGHDAD, IRAQ – Al Awees, the purchasing entity in Iraq, has just purchased another 44,000 tons of U.S. long grain rice, completing the terms of the USA Rice-Al Awees Memorandum of Understanding (MOU) for the 2021-2022 year.
While prices are more than double what Iraq has purchased from Thailand, Al Awees has upheld the commitments made in the MOU.
“We are very pleased to see the terms of this first year of the MOU completed,” said USA Rice President & CEO Betsy Ward. “Iraqis value the quality of U.S. rice and in turn, Iraq is a vital market to our farmers here in the U.S. This is a win-win scenario for everyone.”
Shipment is expected to be completed in November, following on the delivery of the previous 40,000 tons purchase (see
USA Rice Daily, July 19, 2022).