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


05 November 2012

USDA GAIN: Thailand Weekly Rice Price UpdateUSDA GAIN: Thailand Weekly Rice Price Update

TH 2113 – Prices for rice exports increased around 1 percent due to tighter domestic supplies as exporters purchased more rice to fulfill their contracts with Nigerian importers. Presently, MY2012/13 main-crop Paddy Pledging Program has received pledges of 765,397 metric tons of rice paddies.
USDA GAIN Report - Oilseeds, Cotton, Sugar, Grain and Feed

Domestic and export rice prices increased around 1 percent due to tighter domestic supplies as exporters purchased more rice to fulfill their contracts with Nigerian importers. The shipments should arrive around January 2013 before Nigeria’s new applied import tariff rate doubles for imported rice. The current MY2012/13 main-crop Paddy Pledging Program, which began on October 1, 2012 and runs until February 28, 2013, has received pledges of 765,397 metric tons of rice paddies (roughly 505,162 metric tons milled equivalent). Most of the pledges have been white rice paddies coming from the northern and central plain regions. The higher rice prices also reflect the strengthening of the Thai baht in relation to the U.S. dollar (30.5 baht/US$ as compared to 30.6 baht/US$ during the previous week).

Rice Export Update

Unofficial rice exports (excluding fragrant rice) for October 22-28, 2012 totaled 123,373 tons, down 15,745 metric tons from the previous week and up 4,522 metric tons from the four-week moving average of 118,851 metric tons. Exports of white and parboiled rice from January 1- October 28, 2012 totaled 4,102,838 tons, down 46.2 percent (7,627,402 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

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