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


19 August 2013

USDA GAIN: Thailand Weekly Rice Price - 13 August 2013USDA GAIN: Thailand Weekly Rice Price - 13 August 2013

TH3072 – Domestic and export prices declined slightly as the government continues to issue tenders for its rice stocks.
USDA GAIN Report - Oilseeds, Cotton, Sugar, Grain and Feed

Post:

Bangkok

Domestic and export prices declined slightly from the previous week as the government continues to issue tenders for its rice stocks. On August 19, 2013 the government will conduct two open tenders totaling 201,665 metric tons of its MY2011/12 rice stocks (Table 2). The tenders are expected to consist of 101,304 metric tons of 5% grade white rice for export only and 100,361 metric tons of provincial fragrant and 10% grade glutinous rice varieties for the domestic or export markets. The last two tenders consisted of 353,600 metric tons of milled rice and 200,000 metric tons of rice paddy (130,000 metric tons milled equivalent). Approximately 168,000 metric tons have been sold, of which 138,000 metric tons have been conditionally approved for export only.

As of August 4, 2013 the government received pledges of approximately 21 million metric tons of rice paddy (roughly14 million metric tons milled equivalent) under the current MY2012/13 Rice Paddy Pledging Program. Under this program, the government has provided approximately 310 billion baht ($10 bllion) in loans to farmers via the Bank for Agriculture and Agricultural Cooperatives. The loans consist of 230 billion baht ($7.4 billion) for 15 million metric tons of main-crop rice paddy and 80 billion baht ($2.6 billion) for 5.4 million metric tons of off-season rice paddy.

Rice Export Update

Unofficial rice exports (excluding premium white rice and fragrant rice) for August 5-11, 2013 totaled 66,562 metric tons, up 20,143 metric tons from the previous week, and up 11,853 metric tons from the four- week moving average of 54,709 metric tons. Exports of white and parboiled rice from January 1 through August 11, 2013 totaled 1,992,567 metric tons, down 36 percent (3,101,610 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 3,059,337 metric tons, down 12 percent (3,470,642 metric tons) from the same period last year.

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