TheCropSite.com- news, features, articles and disease information for the crop industry

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


03 March 2014

USDA GAIN: Thailand Weekly Rice Price - 25 February 2014USDA GAIN: Thailand Weekly Rice Price - 25 February 2014

TH4018 – Domestic and export prices remained unchanged from the previous week. The government is expected to conduct another tender of 230,727 metric tons this week to help finance the current rice paddy pledging program.
USDA GAIN Report - Oilseeds, Cotton, Sugar, Grain and Feed

Post:

Bangkok

Domestic and export prices remained unchanged from the previous week. On February 26, 2014 the Thai government is expected to conduct another tender using 230,727 metric tons of its MY2012/13 and MY2013/14 rice stocks via the Agricultural Futures Exchange of Thailand (AFET). The tender will consist of 162,137 metric tons of 5% grade white rice and 68,590 metric tons of 100% B grade fragrant rice. In the first two months of this year, the government has issued four tenders totaling approximately 1.1 million metric tons. The government plans to sell around 1 million metric tons of its rice stocks per month to generate revenues estimated at 8 – 10 billion baht per month (roughly $300 million). The revenues will be provided to the Bank for Agricultural and Agricultural Cooperatives (BAAC) to finance the current MY2013/14 Main-Crop Rice Paddy Pledging Program.

As of February 22, 2014, the government has reportedly received approximately 11.1 million metric tons of main-crop rice paddy (7.3 million metric milled equivalent – Table 2) under the current MY2013/14 Main-Crop Rice Paddy Pledging Program. The BAAC has reportedly paid approximately 65 billion baht ($2 billion) in loans for approximately 4 million metric tons of rice paddy to 0.6 million rice farm households.

Rice Export Update

Unofficial rice exports (excluding premium white rice and fragrant rice) for February 17-23, 2014 totaled 79,897 metric tons, up 16,498 metric tons from the previous week and up 10,448 metric tons from the four- week moving average of 69,450 metric tons (Table 4). Rice exports from January 1 – February 23, 2014 totaled 464,400 metric tons, down 31 percent from 672,809 metric tons in the same period last year.

DOWNLOAD REPORT:- Download this report here

Share This


Related Reports

Reports By Country

Reports By Category

Our Sponsors