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


15 July 2013

USDA GAIN: Thailand Weekly Rice Price - 12 July 2013USDA GAIN: Thailand Weekly Rice Price - 12 July 2013

TH3060 – Export prices declined 1 percent due to the depreciation of the Thai baht. The government plans to sell approximately 0.5 – 1 million metric tons of its rice stocks through open tenders, which will likely begin early next month.
USDA GAIN Report - Oilseeds, Cotton, Sugar, Grain and Feed

Post:

Bangkok

Domestic and export prices declined 1 percent due to the depreciation of the Thai baht to 31 baht/US$ compared to 30.8 baht/US$ in the previous week. The government plans to sell approximately 0.5 – 1 million metric tons of its rice stocks per month through open tenders in the second half of this year. The tenders will likely begin next month. The details of the tenders will be discussed in the Ministry of Commerce’s Sub-Committee on the Rice Stock Release meeting this week. The revenues generated by the sale of the rice stocks will be used to repay the Bank for Agriculture and Agricultural Cooperatives. Thai officials are also expected to determine the intervention prices for the MY2013/14 Main-Crop Rice Paddy Pledging Program. The government is reportedly holding around 17 million metric tons of rice stocks.

Rice Export Update

Unofficial rice exports (excluding premium white rice and fragrant rice) for July 1-7, 2013 totaled 30,007 metric tons, down 9,349 metric tons from the previous week, and down 9,306 metric tons from the four- week moving average of 39,313 metric tons. Exports of white and parboiled rice from January 1 through July 7, 2013 totaled 1,738,039 metric tons, down 35.1 percent (2,676,395 metric tons) from the same period last year.

Total rice exports (including premium white rice and fragrant rice) from January 1 through May 31, 2013 amounted to approximately 2,551,861metric tons, down 13.2 percent (2,940,087 metric tons) from the same period last year.

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