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


12 February 2013

USDA GAIN: Thailand Weekly Rice Price Update - 12 February 2013USDA GAIN: Thailand Weekly Rice Price Update - 12 February 2013

TH 3016 – Export prices declined slightly due to a lack of new inquiries. Domestic supplies of white rice will likely ease as new-crop supplies will be coming onto the market in the next couple of weeks.
USDA GAIN Report - Oilseeds, Cotton, Sugar, Grain and Feed

Table 1: Export Prices (FOB) for Various Grades of Thai Rice (USD/MT), Week Ending Feb 5, 2013

Exchange rate: 29.7 baht/U.S.$
Source: Average actual prices received from exporters

Export prices declined slightly, particularly for white rice, due to a lack of new inquiries. Exporters also expect the tight domestic supplies of white rice to ease as millers in the central plain region are expected to sell their old-crop white rice stocks to create warehouse space for new-crop supplies that will be coming onto the market in the next couple of weeks. Meanwhile, the current MY2012/13 main-crop Paddy Pledging Program has received 9.3 million metric tons (6.1 million metric tons milled equivalent). The state-run Bank for Agriculture and Agricultural Cooperatives (BAAC) expects the program will likely receive total pledges of around 10 million metric tons (6.6 million metric tons milled equivalent) by the end of the program on February 28, 2013, about 44 percent larger than the previous year’s program.

Rice Export Update

Unofficial rice exports (excluding fragrant rice) for January 27 – February 3, 2013 totaled 94,707 metric tons, down 7,866 metric tons from the previous week, and down 280 metric tons from the four- week moving average of 94,987 metric tons. Exports of white and parboiled rice from January 1 – February 3, 2013 totaled 421,744 metric tons, up 23.6 percent (341,242 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 (10.65 million metric tons) from the same period last year.

February 2013

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