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


15 January 2013

USDA GAIN: Thailand Weekly Rice Price Update - 15 January 2013USDA GAIN: Thailand Weekly Rice Price Update - 15 January 2013

TH 3005 – Domestic and export prices increased around 1 percent due to tighter exportable supplies. White rice paddy pledges have doubled in the current government pledging program.
USDA GAIN Report - Oilseeds, Cotton, Sugar, Grain and Feed

Export Prices (FOB) for Various Grades of Thai Rice (USD/MT), Week Ending Jan 7, 2013

Exchange rate: 30.3 baht/U.S.$
Source: Average actual prices received from exporters

Domestic and export prices increased around 1 percent from the previous week due to tighter exportable supplies. The current MY2012/13 main-crop Paddy Pledging Program has preliminarily received pledges of around 7.7 million metric tons of rice paddies (roughly 5.1 million metric tons milled equivalent) from October 1 – January 4, 2013. The pledges consist of around 4.5 million metric tons of white rice paddy, 2.5 million metric tons of fragrant rice paddy, and 0.7 million metric tons of glutinous rice paddy. This year’s white rice paddy pledges are double the amount the government received during the same period last year.

Rice Export Update

Unofficial rice exports (excluding fragrant rice) for January 1-6, 2013 totaled 53,439 metric tons, up 20.5 percent (44,359 metric tons) compared to January 1-6, 2012. According to the Department of Foreign trade, Ministry of Commerce, total rice exports (including fragrant rice) from January 1 – December 28, 2012 amounted to 6.9 million metric tons, down 20 percent from the same period last year.

January 2013

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