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


30 October 2012

USDA GAIN: Thailand Weekly Rice Price - 30 October 2012USDA GAIN: Thailand Weekly Rice Price - 30 October 2012

TH 2107 – Domestic and export prices for most grades of rice remained unchanged, except for white rice prices which increased slightly due to tight supplies. The Government plans to sell stocks of fragrant rice pledged under the new MY2012/13 Paddy Pleading Program for export during November 2012 – January 2013.
USDA GAIN Report - Oilseeds, Cotton, Sugar, Grain and Feed

Domestic and export prices for most grades of rice remain unchanged from the previous week, except for white rice prices which increased slightly due to tight supplies of white rice paddy. Rice millers are purchasing white rice paddies to process into parboiled rice. The rice will be shipped to Nigeria, Benin, and South Africa in November. Meanwhile, the Government plans to sell stocks of fragrant rice pledged under the new MY2012/13 Paddy Pleading Program. The estimated 300,000 – 500,000 metric tons of fragrant rice is expected to be sold during November 2012 – January 2013; the period with the highest international demand for fragrant rice. Details of the stock release will likely be finalized by the end of this month.

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 Pledging 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 Bangkokequivalent - Table 2); and 14.5 million metric tons are off-season crop paddy (9.6 million metric tons milled equivalent - Table 3).

As for MY2012/13 main-crop Paddy Pledging Program which began on October 1, 2012 and runs until February 28, 2013, around 443,923 metric tons of rice paddies (roughly 293,000 metric tons milled equivalent) have already been received during October 1 – October 19, 2012. The weekly pledging increased to 335,923 metric tons of paddy, up significantly from 93,956 metric tons in the previous week.

Rice Export Update

Unofficial rice exports (excluding fragrant rice) for October 15-21, 2012 totaled 139,118 tons, up 23,651 metric tons from the previous week and up 26,380 metric tons from the four-week moving average of 112,738 metric tons. Exports of white and parboiled rice from January 1- October 21, 2012 totaled 3,979,465 tons, down 47.2 percent (7,531,993 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.

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