TheCropSite.com- news, features, articles and disease information for the crop industry

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


05 March 2013

USDA GAIN: Thailand Weekly Rice Price Update - 5 March 2013USDA GAIN: Thailand Weekly Rice Price Update - 5 March 2013

TH 3022 – Domestic and export prices declined around one percent due to the sale of government rice stocks. The new MY2012/13 Off-Season Paddy Pledging Program will likely be finalized by the end of this week.
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 26, 2013

Exchange rate: 29.8 baht/U.S.$
Source: Average actual prices received from exporters

Domestic and export prices declined around one percent from the previous week as the government reportedly sold a portion of its rice stocks to a select group of millers and exporters. The current MY2012/13 Main-Crop Paddy Pledging Program, which began on October 1, 2012, and runs until February 28, 2013, has preliminarily received pledges of approximately 10.3 million metric tons (6.8 million metric tons milled equivalent), up around 59 percent from the same period last year. The National Rice Policy Committee will likely finalize the new MY2012/13 Off-Season Paddy Pledging Program on March 1, 2013 as the Cabinet is expected to approve additional loans of 70 billion baht ($2.3 billion) for the Bank for Agriculture and Agricultural Cooperatives (BAAC).

Rice Export Update

Unofficial rice exports (excluding fragrant rice) for February 18-24, 2013 totaled 97,713 metric tons, up 25,541 metric tons from the previous week, and up 9,391 metric tons from the four- week moving average of 88,322 metric tons. Exports of white and parboiled rice from January 1 – February 24, 2013 totaled 680,323 metric tons, down 2.4 percent (696,972 metric tons) from the same period last year. Total rice exports (including fragrant rice) from January 1 – 31, 2013 amounted to 573,853 metric tons, up 30.5 percent from the same period last year.

March 2013

DOWNLOAD REPORT:- Download this report here

Share This


Related Reports

Reports By Country

Reports By Category

Our Sponsors

Partners