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


17 December 2013

USDA GAIN: Thailand Weekly Rice Price - 11 December 2013USDA GAIN: Thailand Weekly Rice Price - 11 December 2013

TH3115 – Export prices remained unchanged from the previous week due to quiet trading activity. The current MY2013/14 main-crop rice paddy pledging program will continue despite the dissolution of the parliament.
USDA GAIN Report - Oilseeds, Cotton, Sugar, Grain and Feed

Post:

Bangkok

Export prices remained unchanged from the previous week due to minimal trading during the current political environment. The Thai Prime Minister dissolved the parliament on December 9, 2013 and called for new elections to diffuse the current political turmoil. Despite the chaos, the current MY2013/14 main-crop rice paddy pledging program, which began on October 1, 2013, will continue until February 28, 2014. The government has reportedly received approximately 6 million metric tons of rice paddy (4 million metric milled equivalent - Table 2). The pledges consist of 4 million metric tons of white rice paddy (2.7 million metric tons milled equivalent) and 2 million metric tons of fragrant rice paddy (1.3 million metric tons milled equivalent). The continuance of the off-season rice paddy pledging program (March 1 – September 30, 2014) will depend on the new government.

Rice Export Update

Unofficial rice exports (excluding premium white rice and fragrant rice) for December 2-8, 2013 totaled 97,078 metric tons, up 7,044 metric tons from the previous week and up 19,734 metric tons from the four- week moving average of 77,344 metric tons (Table 3). Exports of white and parboiled rice from January 1 through December 8, 2013 totaled 3,117,814 metric tons, down 34 percent from 4,718,666 metric tons in the same period last year, mainly due to a reduction in parboiled rice exports.

Total rice exports (including premium white rice and fragrant rice) from January 1 through November 20, 2013 amounted to approximately 5.7 million metric tons, down 8.1 percent from the same period last year.

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