Iraq buys Thai rice

Published: 13 Oct 2012 at 10.39
Online news:

Iraq bought 100,000 metric tonnes of rice from Thailand, according to Iraq's Trade Ministry.

The purchase followed a tender for 30,000 tonnes of rice that closed on Oct 7, the ministry said in a statement.

Olam International will supply 70,000 tonnes of Thai rice, and Louis Dreyfus will supply the remaining 30,000 tonnes, it said.

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bluebottle
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Discussion 15 : 13 Oct 2012 at 20.2515
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100,000 will not make a very big hole in the millions we have in stock.Why even mention such a piddling amount.Yes I know to make it sound as if they are moving it to sound positive.
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Ian
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Discussion 14 : 13 Oct 2012 at 18.5214
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I have never understood how people can stuff themselves on rice, I get through 2 kilos a week feeding the local wild birds, but even they are getting a bit bored with it. :-)
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loopholes
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Discussion 13 : 13 Oct 2012 at 17.4513
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Wow ! G 2 G deals are highly confidential and always remained as classified secrets here !
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lookmoo
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Discussion 12 : 13 Oct 2012 at 16.5712
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The last 5-7 years the price for rice have been around 600 Dollars per Metric tonne..
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khunbj
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Discussion 11 : 13 Oct 2012 at 16.4511
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What Thailand should do is to set up a rice cartel with Vietnam and India. thus controlling around 80% of the export rice, no need to give away a commodity like rice, same with rubber, hopefully Vietnam will join Thailand, Malaysia and Indonesia in the newly formed rubber cartel , that would represent 80% of world production and be good to prevent give away this commodity as well. OPEC only controls a small amount of the oil output but have a great say on what the price should be for oil, hopefully the 2 above mentioned cartels will be able to do the same.
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bangmodken
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Discussion 10 : 13 Oct 2012 at 13.2010
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100k is smallfry and add to that,it was private business,not G-2-G. PTP/UDD and their supporters just suffered a major loss of face. Again.
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howell
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Discussion 9 : 13 Oct 2012 at 13.079
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Apparently 30 K is not from from Thailand : 'Iraqi Grain Board spokesman Amer Abdul-Aziz said Saif International will provide 30,000 tonnes of the rice from Uruguay'.

Reuters - Thursday, July 26, 2012
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kwicktrot
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Discussion 8 : 13 Oct 2012 at 12.538
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This was not a G-to-G sale. It was a private affair between Iraq and private interests in Thailand. Obviously this is not a secret affair as the Government's non existing deals with foreign countries.
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dao
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Discussion 7 : 13 Oct 2012 at 12.387
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Now Thai taxpayers are paying for Irans rice too .
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nosurprise
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Discussion 6 : 13 Oct 2012 at 12.316
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See: ph.news.yahoo.com/iraq-buys-110-000-t-rice-thailand-uruguay...According to sources, Thai rice was purchased (by iraq )at $623.89 per ton and $629 per ton CIF, and the Uruguayan rice was purchased at $671 per ton, CIF
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