After 7 years of ban, Iraq to import second batch of Thai rice

Published 2024년 11월 20일

Tridge summary

Iraq has resumed rice purchases from Thailand, marking the second batch received this year following a seven-year ban due to previous quality issues. The ban was imposed after a Thai exporter failed to meet Iraq's quality standards and delivered a quantity that was 10% less than agreed upon. This resolution is seen as a significant development for Thai rice exporters, who are urged by the Thai Rice Mills Association to maintain high quality standards to regain customer trust and confidence. Despite Iraq's preference for high-quality rice, its financial challenges have led it to purchase rice more affordably from Asia, even though it may not meet the same quality expectations as Mercosur or US rice.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(By Planeta Arroz) The Iraqi News Agency (INA) reported this week that Iraq will once again buy rice from Thailand. “This will be the second batch that Iraq has bought from Thailand this year,” Kriangsak Tabnanon, chairman of the Thai Rice Mills Association, said on Tuesday. “The first batch of 44,000 tons was delivered on August 18. The transaction marks a historic moment for rice exports, as Iraq has boycotted rice from Thailand for seven years due to quality concerns.” Kriangsak said the ban was the result of a Thai exporter, who delivered 110,000 tons of rice to Iraq in 2014, failing to meet the country’s quality standards. Iraqi importers also alleged that both in terms of industrial quality and volume, the rice delivered was 10 percent less than agreed upon, which led to a ban on trading in Thai rice. “The resumption of business with this destination is great news for Thai rice exporters. Iraq is a long-standing customer of Thailand and could buy more rice from us,” he said. ...
Source: Planetaarroz

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