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


22 July 2013

USDA GAIN: Thailand Weekly Rice Price - 16 July 2013USDA GAIN: Thailand Weekly Rice Price - 16 July 2013

TH3063 – Export prices declined 1 percent due to the government’s announcement that it will issue rice tenders. The government will conduct two open tenders totaling 353,600 metric tons.
USDA GAIN Report - Oilseeds, Cotton, Sugar, Grain and Feed

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Bangkok

Domestic and export prices declined 1 percent due to the government’s announcement that it will issue tenders for its rice stocks. On July 26, 2013, the government is expected to conduct two tenders totaling 353,600 metric tons for its MY2011/12 main-crop rice stocks. The tenders are expected to consist of 152,837 metric tons of 5% grade white rice for export and 200,763 metric tons of grade A1 Super broken white rice for the domestic or export market. The results of the tenders will likely be announced on July 29, 2013. The winners are required to collect the rice from the government warehouses within 30 to 120 days depending on the bidding amounts (less than 20,000 metric tons within 30 days; 20,000 – 50,000 metric tons within 60 days; 50,000 – 100,000 metric tons within 90 days; and over 100,000 tons within 120 days). In addition, if the rice is destined for the export market, exporters will have to ship the rice within 45 days after they collect the stocks from the government warehouses.

The government is reportedly holding around 17-18 million metric tons of rice stocks. The stocks consist of mostly white rice. 2.3 million metric tons of the stocks are from the MY2011/12 Main-Crop Rice Paddy Pledging Program, 7.2 million metric tons are from the MY2011/12 Off-Season Rice Paddy Pledging Program, and approximately 8 million metric tons are from the current MY2012/13 Main-Crop and Off-Season Crop Rice Paddy Pledging Programs.

Rice Export Update

Unofficial rice exports (excluding premium white rice and fragrant rice) for July 8-14, 2013 totaled 35,695 metric tons, up 5,688 metric tons from the previous week, and down 1,343 metric tons from the four- week moving average of 37,038 metric tons. Exports of white and parboiled rice from January 1 through July 14, 2013 totaled 1,773,733 metric tons, down 35 percent (2,727,836 metric tons) from the same period last year.

Total rice exports (including premium white rice and fragrant rice) from January 1 through June 30, 2013 amounted to approximately 3.1 million metric tons, down 10 percent (3.4 million metric tons) from the same period last year.

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