TheCropSite.com- news, features, articles and disease information for the crop industry

USDA GAIN: Oilseeds, Cotton, Sugar, Grain and Feed


23 October 2012

USDA GAIN: Thailand Weekly Rice Price Update - 23 October 2012USDA GAIN: Thailand Weekly Rice Price Update - 23 October 2012

TH 2105 – Domestic and export prices for most grades of rice declined 1-2 percent, except for parboiled rice prices which increased around 3.0 percent from the previous week. Meanwhile, the Thai Cabinet approved additional funding to finance the current off-season crop Paddy Pledging Program.
USDA GAIN Report - Oilseeds, Cotton, Sugar, Grain and Feed

Domestic and export prices for most grades of rice declined 1-2 percent, except for parboiled rice prices, which increased around 3.0 percent from the previous week. The higher parboiled rice prices are attributed to tighter domestic supplies and exporters securing supplies for their pending shipments to Nigeria.

On October 15, the Thai Cabinet approved additional funding worth 20,850 million baht ($695 million) to finance another 1.39 million metric tons of current off-season crop paddy pledged in the MY2011/12 off-season crop Paddy Pledging Program. The additional pledges will increase the off-season crop to 14.7 million metric tons of paddy, up from prior approval of 13.3 million metric tons.

The Thai Government is currently holding total intervention stocks of around 14-15 million metric tons; of which 1-2 million metric tons are old-crop rice. As of October 3, 2012, the MY2011/12 Paddy BangkokPledging Program pledged 21.5 million metric tons of paddy (14.2 million metric tons milled equivalent); of which 7.0 million metric tons are main-crop paddy (4.6 million metric tons milled equivalent - Table 2); and 14.5 million metric tons are off-season crop paddy (9.6 million metric tons milled equivalent - Table 3).

As for the MY2012/13 main-crop Paddy Pledging Program, which began on October 1, 2012 and runs until February 28, 2013, around 108,000 metric tons of rice paddies have already been received. The weekly pledging is likely to increase more than 300,000 tons during the seasonal harvest in November.

Rice Export Update

Unofficial rice exports (excluding fragrant rice) for October 8-14, 2012 totaled 115,466 tons, up 18,021 metric tons from the previous week and up 14,651 metric tons from the four-week moving average of 100,816 metric tons. Exports of white and parboiled rice from January 1- October 14, 2012 totaled 3,840,347 tons, down 48.3 percent (7,424,714 tons) from last year.

According to the Department of Foreign trade, Ministry of Commerce, total rice exports (including fragrant rice) from January 1 – October 2, 2012 amounted to 5,067,313 tons, down 44.1 percent (9,058,911 tons) from last year.

DOWNLOAD REPORT:- Download this report here

Share This


Related Reports

Reports By Country

Reports By Category

Our Sponsors