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


22 January 2013

USDA GAIN: Thailand Weekly Rice Price Update - 21 January 2013USDA GAIN: Thailand Weekly Rice Price Update - 21 January 2013

TH 3008 – Export prices increased around 1 percent due to concerns over the strengthening of the Thai Baht. Exportable supplies remain tight as current rice paddy pledges almost double.
USDA GAIN Report - Oilseeds, Cotton, Sugar, Grain and Feed

Export Prices (FOB) for Various Grades of Thai Rice (USD/MT), Week ending Jan 14, 2013

Exchange rate: 30.0 baht/U.S.$
Source: Average actual prices received from exporters

Export prices increased around 1 percent due to the strengthening of the Thai Baht vis-a-vis the U.S. dollar (29.9 baht/US compared to around 30.3 baht/US in the previous week). Despite steady domestic prices, exporters increased their prices ($5-10/MT higher) to minimize possible foreign exchange losses from the appreciation of the Thai Baht. In addition, exportable supplies remain tight as rice paddy pledges under the current MY2012/13 main-crop Paddy Pledging Program increased to an estimated 8.8 million metric tons (roughly 5.8 million metric tons milled equivalent) from October 1 – January 10, 2013, which is almost double the amount the government received during the same period last year.

Rice Export Update

Unofficial rice exports (excluding fragrant rice) for January 7-13, 2013 totaled 94,996 metric tons, up 41,556 metric tons from the previous week. Exports of white rice and parboiled rice from January 1 – 13, 2013 totaled 148,435 metric tons, down 1.1 percent (150,089 metric tons) from last year.

According to the Department of Foreign trade, Ministry of Commerce, total rice exports (including fragrant rice) from January 1 – December 31, 2012 amounted to 6.9 million metric tons, down 35 percent (10.7 million metric tons) from the same period last year.

January 2013

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