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


30 January 2014

USDA GAIN: Thailand Weekly Rice Price - 17 January 2014USDA GAIN: Thailand Weekly Rice Price - 17 January 2014

TH4003 – Export prices remained unchanged from the previous week due to quiet trading. The government postponed its plan to sell rice stocks of 148,940 metric tons until next week.
USDA GAIN Report - Oilseeds, Cotton, Sugar, Grain and Feed

Post:

Bangkok

Export prices remained unchanged from the previous week due to quiet trading as a result of current political instability. The government also postponed its plan to sell rice stocks through the Agricultural Futures Exchange of Thailand (AFET) this week (January 15, 2014) until next week on January 22, 2014. The tender will consist of 110,480 metric tons of white rice from MY2012/13 and MY2013/14 main-crop rice stocks and 38,460 metric tons of 100% B grade fragrant rice from MY2013/14 main-crop rice stocks.

As for the current MY2013/14 Rice Paddy Pledging Program, the government has reportedly received approximately 10.2 million metric tons of rice paddy (6.7 million metric milled equivalent – Table 2) which will cost approximately 160 billion baht ($4.8 billion). According to the Bank for Agriculture and Agricultural Cooperatives (BAAC), it has already paid approximately 33 billion baht ($1 billion) in loans to the farmers, as of January 8, 2014.

Rice Export Update

Unofficial rice exports (excluding premium white rice and fragrant rice) for January 6-12, 2014 totaled 49,727 metric tons, up 27,696 metric tons from the previous week and down 8,641 metric tons from the four- week moving average of 58,367 metric tons (Table 3). Rice exports from January 1 – 12, 2014 totaled 71,758 metric tons, down 49 percent from 141,185 metric tons in the same period last year.

Total rice exports (including premium white rice and fragrant rice) from January 1 through December 16, 2013 amounted to approximately 6.4 million metric tons, down 3.7 percent from the same period last year.

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