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


26 November 2012

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

Export prices remained unchanged from the previous week. The Thai Government plans to sell 1.1 million metric tons of its fragrant rice and white rice stocks for export between December 2012 and February 2013.
USDA GAIN Report - Oilseeds, Cotton, Sugar, Grain and Feed

Report Highlights:

Export prices remained unchanged from the previous week due to quiet trading. The Committee on Rice Stock Release agreed on November 16, 2012 to sell 1.1 million metric tons of government rice stocks for export. The stocks are expected to consist of 0.6 million metric tons of new-crop fragrant rice pledged under the MY2012/13 Paddy Pledging Program and the remainder will be white rice from the MY2011/12 program. Fragrant rice stocks are expected to be gradually sold to exporters between December 2012 and February 2013. Details of the stock sales will likely be finalized next week.

The MY2012/13 main-crop Paddy Pledging Program, which began on October 1, 2012 and runs until February 28, 2013 has preliminarily received pledges of around 1.5 million metric tons of rice paddies (roughly 1.1 million metric tons milled equivalent) from October 1 – November 6, 2012. Most of the pledges are white rice paddy harvested in the northern and central plain regions.

Rice Export Update

Unofficial rice exports (excluding fragrant rice) for November 12-18, 2012 totaled 125,421 tons, down 16,485 metric tons from the previous week and down 7,001 metric tons from the four-week moving average of 132,422 metric tons. Exports of white and parboiled rice from January 1- November 18, 2012 totaled 4,509,152 tons, down 42.4 percent (7,832,398 tons) from last year.

According to the Department of Foreign trade, Ministry of Commerce, total rice exports (including fragrant rice) from January 1 – October 31, 2012 amounted to 5,764,750 tons, down 40.0 percent (9,613,823 tons) from last year.

November 2012

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