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


23 September 2013

USDA GAIN: Thailand Weekly Rice Price - 17 September 2013USDA GAIN: Thailand Weekly Rice Price - 17 September 2013

TH3083 - Export prices are close to the previous week's level.
USDA GAIN Report - Oilseeds, Cotton, Sugar, Grain and Feed

Post:

Bangkok

Export prices are close to the previous week’s level. Trade sources reported that overseas buyers have switched to purchase more rice from Thai exporters following a sharp reduction in Thai export prices in recent weeks. Thai export prices are vulnerable to further decline due to rumors that Vietnam is also lowering its export prices to compete with Thai rice and that the Thai government plans to issue a new bidding sale for its rice stock this week.

Rice Export Update

Unofficial rice exports (excluding premium white rice and fragrant rice) for September 9-15, 2013 totaled 83,971 MT, down 864 MT from the previous week and up 14,333 MT from the four-week moving average of 69,638 MT. Exports of white rice and parboiled rice from January 1 through September 15, 2013 totaled 2,318,125 MT, down 32 percent from 3,428,084 in the same period of 2012. (Table 2).

Total rice exports (including premium white rice and fragrant rice) from January 1 through June 30, 2013 amounted to 3,059,337 MT, down 12 percent from 3,470,642 MT in the same period of 2012.
Bangkok

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