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


21 October 2013

USDA GAIN: Thailand Weekly Rice Price - 15 October 2013USDA GAIN: Thailand Weekly Rice Price - 15 October 2013

TH3090 – New stocks from the MY2013/14 main rice crop caused domestic and export prices to decline by 2 to 4 percent.
USDA GAIN Report - Oilseeds, Cotton, Sugar, Grain and Feed

Post:

Bangkok

Domestic and export prices declined 2 to 4 percent as new stocks from the MY2013/14 main crop entered the market. In addition, the government announced on October 4, 2013 to sell some of its rice stocks to exporters who have large-volume contracts for delivery in the last quarter of this year. Exporters are eligible to negotiate the prices directly with the government. Furthermore, on October 14, 2013 trade sources reported that four large exporters participated in the public tender for 300,340 metric tons of the government’s MY2011/12 rice inventory (Table 2). Results of the tender have not yet been finalized.

Rice Export Update

Unofficial rice exports (excluding premium white rice and fragrant rice) for October 7-13, 2013 totaled 66,350 metric tons, down 12,055 metric tons from the previous week, and down 11,827 metric tons from the four- week moving average of 78,176 metric tons (Table 3). Exports of white and parboiled rice from January 1 through October 13, 2013 totaled 2,630,830 metric tons, down 31 percent from 3,832,542 metric tons in the same period last year.

Total rice exports (including premium white rice and fragrant rice) from January 1 through August 31, 2013 amounted to approximately 4.2 million metric tons, down 6.3 percent from the same period last year.

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