Defining a rice relationship
Feb 24, 2025
BAGHDAD, IRAQ – ADM Rice made a sale of 88,000 metric tons (MT) of U.S. long grain milled rice to Iraq last week, bringing the tonnage to 220,000 MT for the 2024-2025 Memorandum Of Understanding (MOU), surpassing the agreed upon amount of 200,000 MT.
Last year, unforeseen changes in financing caused delays in Iraq’s rice purchases so they did not fulfill the 2023-2024 MOU.
“We are glad to see that they are exceeding this year’s tonnage to make up for last year’s shortfall,” said USA Rice Chair Keith Glover. “As we’re looking at uncertainty in our export markets, these steady, reliable sales to Iraq are necessary for the vitality of our industry. We also want to thank those in Congress including Senator Boozman, Senator Hyde-Smith, and Representative Higgins who continue to champion this successful MOU which is reaping benefits for farmers in their districts.”
Iraq is consistently a top ten export market for U.S. rice and the second largest market for long grain milled rice.