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


19 November 2012

USDA GAIN: Thailand Weekly Rice Price Update - 19 November 2012USDA GAIN: Thailand Weekly Rice Price Update - 19 November 2012

TH 2120 – Export prices remain unchanged from the previous week, except for parboiled rice prices which declined around 1 percent due to a lack of new inquiries. Exporters also have already secured rice supplies to fulfill their outstanding contracts with Nigeria.
USDA GAIN Report - Oilseeds, Cotton, Sugar, Grain and Feed

Export prices remain unchanged from the previous week, except for parboiled rice prices which declined around 1 percent due to a lack of new inquiries, particularly from Nigeria. Foreign buyers are hesitant to purchase parboiled rice for deliveries to Nigeria due to concerns that the Nigerian Government will not follow through with the tariff increase on parboiled rice. Furthermore, exporters have already secured rice supplies to fulfill their outstanding contracts with Nigeria. Meanwhile, current MY2012/13 main-crop Paddy Pledging Program which began on October 1, 2012 and runs until February 28, 2013 has received pledges of 953,193 metric tons of rice paddies (roughly 629,107 metric tons milled equivalent) during October 1 – 30, 2012. Most of pledges are white rice paddy harvested in the northern and the central plain regions.

Rice Export Update

Unofficial rice exports (excluding fragrant rice) for October 29 – November 4, 2012 totaled 138,996 tons, up 15,623 metric tons from the previous week and up 9,758 metric tons from the four-week Bangkokmoving average of 129,238 metric tons. Exports of white and parboiled rice from January 1- November 4, 2012 totaled 4,241,825 tons, down 44.7 percent (7,666,900 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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