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


04 November 2013

USDA GAIN: Thailand Weekly Rice Price - 29 October 2013USDA GAIN: Thailand Weekly Rice Price - 29 October 2013

TH3098 – Export prices remain unchanged from the previous week. Last week’s tender on the Agricultural Futures Exchange of Thailand did not impact market prices as only a few traders participated in the tender.
USDA GAIN Report - Oilseeds, Cotton, Sugar, Grain and Feed

Post:

Bangkok

Domestic and export prices remained unchanged from the previous week. There were three millers and two exporters participating in the recent government tender on October 25, 2013 using the Agricultural Futures Exchange of Thailand (AFET). The tender consisted of 109,755 metric tons of 5% grade white rice and 30,669 metric tons of 100% B grade fragrant rice obtained from the government’s MY2012/13 pledging program rice stocks. The bids were 12 to 18 percent below the current price for white rice and 17 to 19 percent below fragrant rice prices for deliveries during December 2013 through February 2014. The result of the tender has not been finalized. The government will continue to conduct its tenders via the AFET every month. It also announced that new public tenders, particularly for broken white rice, will take place next month.

Rice Export Update

Unofficial rice exports (excluding premium white rice and fragrant rice) for October 21-27, 2013 totaled 47,848 metric tons, down 7,777 metric tons from the previous week, and down 14,209 metric tons from the four- week moving average of 62,057 metric tons (Table 2). Exports of white and parboiled rice from January 1 through October 27, 2013 totaled 2,734,302 metric tons, down 33 percent from 4,091,742 metric tons in the same period last year mainly due to a reduction in parboiled rice exports. Meanwhile, exports of white and fragrant rice increased approximately 10 percent from the same period last year due to the sales of the government’s rice stocks.

Total rice exports (including premium white rice and fragrant rice) from January 1 through September 30, 2013 amounted to approximately 4.6 million metric tons, down 8 percent from the same period last year.

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