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


17 December 2012

USDA GAIN: Thailand Weekly Rice Price Update - 17 December 2012USDA GAIN: Thailand Weekly Rice Price Update - 17 December 2012

Domestic and export prices declined around 1 percent from the previous week due to the anticipated sale of government stocks of around 200,000 metric tons of new-crop fragrant rice.
USDA GAIN Report - Oilseeds, Cotton, Sugar, Grain and Feed

Export Prices (FOB) for Various Grades of Thai Rice (USD/MT), Week Ending December 11, 2012

Exchange rate: 30.5 baht/U.S.$
Source: Average actual prices received from exporters

Domestic and export prices declined around 1 percent from the previous week due to the anticipated sale of government-owned rice stocks. The Thai Government is considering selling approximately 200,000 metric tons of new-crop fragrant rice for exports at market prices. The sales are far below the announced tender of 600,000 metric tons due to the uncertainties of the terms and conditions of the offer that reportedly favor rice millers participating in the current pledging program.

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 4.6 million metric tons of rice paddies (roughly 3.0 million metric tons milled equivalent) from October 1 – December 3, 2012; of which around 1.5 million metric tons are fragrant rice paddy and 3.1 million metric tons are white rice paddy.

Rice Export Update

Unofficial rice exports (excluding fragrant rice) for December 2-9, 2012 totaled 52,767 metric tons, down 21,955 metric tons from the previous week and down 31,457 metric tons from the four-week moving average of 84,224 metric tons. Exports of white and parboiled rice from January 1- December 9, 2012 totaled 4,720,607 metric tons, down 41.6 percent (8,081,182 metric 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.

December 2012

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