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


23 August 2013

USDA GAIN: Thailand Weekly Rice Price - 20 August 2013USDA GAIN: Thailand Weekly Rice Price - 20 August 2013

TH3073 - Domestic and export prices declined 3 to 6 percent due to an increase in exportable supplies of government rice stocks. The recent tenders received bids that were reportedly 5-10 percent below market prices.
USDA GAIN Report - Oilseeds, Cotton, Sugar, Grain and Feed

Post:

Bangkok

Domestic and export prices declined 3 to 6 percent from the previous week due to an increase in the exportable supplies of government rice stocks. Six traders and millers participated in the recent tender on August 19, 2013 for 201,665 metric tons (Table 2). Five of the participants are the same companies that won the last two tenders reported last week. Together, they tendered 101,304 metric tons of MY2011/12 white rice which will be for export only. The bids for the past tenders were reportedly 5-10 percent below current market prices. Meanwhile, there is one local miller participating in the tender for provincial fragrant rice for domestic sales. The government is expected to finalize the sales this week.

Rice Export Update

Unofficial rice exports (excluding premium white rice and fragrant rice) for August 12-18, 2013 totaled 47,026 metric tons, down 19,535 metric tons from the previous week, and down 4,540 metric tons from the four- week moving average of 51,566 metric tons. Exports of white and parboiled rice from January 1 through August 18, 2013 totaled 2,039,594 metric tons, down 36 percent (3,164,861 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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