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


30 November 2012

USDA GAIN: Thailand Weekly Rice Price Update - 30 November 2012USDA GAIN: Thailand Weekly Rice Price Update - 30 November 2012

Export prices for most rice varieties remained unchanged from the previous week, except for parboiled rice, which declined around 1 percent due to a lack of new inquiries.
USDA GAIN Report - Oilseeds, Cotton, Sugar, Grain and Feed

Report Highlights:

In addition, fragrant rice prices declined slightly in anticipation of more sales of government stocks.

Export prices for most grades of rice remained unchanged from the previous week, except for parboiled rice prices, which declined around 1 percent due to a lack of new inquiries. In addition, exporters have reportedly fulfilled their outstanding contracts of parboiled rice with Nigeria, thus, weakening demand. Prices for fragrant rice declined slightly from last week in anticipation of additional government stock sales of around 0.6 million tons.

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; of which 1.4 million metric tons are white rice paddy.

Rice Export Update

Unofficial rice exports (excluding fragrant rice) for November 19-25, 2012 totaled 83,986 tons, down 41,435 metric tons from the previous week and down 38,589 metric tons from the four-week moving average of 122,575 metric tons. Exports of white and parboiled rice from January 1- November 25, 2012 totaled 4,593,138 tons, down 41.9 percent (7,908,729 tons) from last year.

According to the Department of Foreign trade, Ministry of Commerce, total rice exports (including fragrant rice) from January 1 – November 19, 2012 amounted to 6.17 million metric tons, down 35.0 percent from the same period last year.

November 2012

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