Developing Countries Will Lead Global Rice Import Growth in 2013-22, Says USDA Rice growers positive California MG prices are UP Russia MG Harvest coming to end Egypt open rice exports Vietnam’s rice export in tough competition with India Thai rice exports in May Rise Above Target This Year Viet-Nam Rice exports likely to fall this year
Australia Medium Grain Rice #1 $ N/A    Egypt 101 #2 $760    Egypt 178 #2 Rice $730    EU Prices Baldo €660    EU Prices LG-A Ariete 5% €550    EU Prices MG Lotto 5% €500    EU Prices RG Balilla 5% €500    Russia Rapan $ 700    USA Jupiter Paddy $375    USA Calrose #1 Paddy $480    USA Jupiter Rice $630    USA Calrose #1 $830   

 Main Page
 Home Page of This Title
 Medium Grain Rice Market
 Global Market News
 Grain News
 Pulses News
 Global Overview
 Importers Profile
 Exporters Profile
 What Is Rice
 History Of Rice
 Rice Harvest Seasons
 Rice Processing
 Rice Nutrition Facts
 Meals With Rice
 Restaurants
 INCO Terms
 Ports
 US Rice Standards
 EU Codex Standards
 Egyptian Specs
 Sponsor List
 All Links
 Rice
 Grain
 Agriculture
 Commodity Exchange
 Weather
 Other
 Info
 Editor
 Advertisement
 Technical
Search in news database
US wheat industry sells order to Iraq
The US wheat industry is crowing over finally clinching the sale of grain to Iraq.

An 11-hour meeting with Iraqi grain buyers in Cairo has resulted in the US getting an order for 165,000 tonnes of hard red winter wheat.

Dawn Forsyth from the lobby group US Wheat Associates called it a 'significant step' towards competing with Australia, in a market we've dominated for many years.

"This is really the first major sale of US wheat to the Iraqi Grain Board since the Oil For Food Program.

"This sale is a great first step, but we're looking forward to more vigorous competition in the future."

And local grains analyst Lloyd George expects a tough fight between the US and Australia, to win the remaining contracts for Iraq.

Australia has already signed a one million tonne deal, and Iraq is forecast to import around three million tonnes of wheat this financial year.

However Mr George says the US sale is relatively small.

"One hundred and sixty-five thousand tonnes, in any terms, is a significant sale; but if we put it into a broader perspective, Iraq's forecast to import in excess of three million tonnes in the 04/05 year, so it's probably around one month's supply."

A spokesman for Australia's wheat exporter AWB Limited, says the company always expected the new Iraq market to be very competitive.

But he says Australia doesn't compete directly with US hard red winter wheat.
MGR Archive 27.1.2005
Printer Friendly Version Of This Article
Send This Article To A Friend
User Name:
Password:
      Forgot your Password?
Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
Click for Details

Medium Grain Reports
Rice Market News
World Rice Markets and Trade
USDA Country Reports
Rice Market Monitor
Rice Outlook
Italian Paddy Supply
European Rice Weekly
EU Reports
Convert this amount:


Convert
  © 2002 All rights reserved. - Legal Notice