Iraq has awarded Thailand with the tender announced last month seeking a minimum of 30,000 tons of rice, and will purchase a total of 80,000 tons of rice from Thailand. Thai rice was amongst the lowest offers in the tender that closed on March 31, which included invited applications from the U.S., Uruguay, Argentina and Thailand.
The lowest Thai rice quote was $539.59 per ton for 40,000 tons of rice, while the two second lowest quotes were offered at $568.20 per ton for 110,000 tons and $569.65 per ton for 40,000 tons of rice.
Thailand is the second largest exporter of rice in the world, while Iraq's domestic consumption of rice was up by 5 percent in 2012.
(Source: Black Sea Grain)