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

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


14 May 2012

USDA GAIN: Thailand Weekly Rice Price - 14 May 2012USDA GAIN: Thailand Weekly Rice Price - 14 May 2012

TH2049 Domestic and export prices were offered 3-5 percent higher as foreign buyers are placing new orders for parboiled rice to Nigeria amid tight exportable supplies caused by the government intervention program. The Government is holding total intervention stocks of around 10.1 million tons milled equivalent.
USDA GAIN Report - Oilseeds, Cotton, Sugar, Grain and Feed

Domestic and export prices of white rice and parboiled rice were offered 3-5 percent higher from two weeks before due to enquiries for parboiled rice amid tight exportable supplies. While most shipments of parboiled rice to Nigeria have been fulfilled, some foreign buyers are placing new orders for Thai parboiled rice for delivery to Nigeria, in a last-ditch effort to have these arrive before July 2012 when the new applied import tariff rate will increase from 33% to 53%, as shipments of Indian parboiled rice remain slow due to port congestion. The vessels should leave Thailand no later than mid-May 2012 as the shipments normally take approximately 30 days.

Exportable supplies remain tight due to the aggressive government intervention program. Presently, the Government is holding total intervention stocks of around 10.1 million tons milled equivalent, of which 2.0 million tons are old-crop intervention stocks, and 8.1 million tons are MY2011/12 crop.

The MY2011/12 main-crop Paddy Pledging Program took delivery of a total of 6.8 million tons of paddy (4.5 million tons milled equivalent (Table 2)). The current off-season Paddy Pleading Program Bangkokhas absorbed 5.5 million tons of paddy (3.6 million tons milled equivalent) since it began on March 1 up to May 3.

The total weekly pledging declined to 0.4 million tons, down 50.0 percent from 0.8 million tons in the previous week (Table 3). The Government expects that the program will eventually process around 8.0 million tons of paddy (5.3 million tons milled equivalent), accounting for 72.0 percent of the total offseason production.

Rice Export Update

Unofficial rice exports (excluding fragrant rice) for April 30 – May 6, 2012 totaled 124,838 tons, down 7,738 tons from the previous week, and up 12,654 tons from the four-week moving average of 112,185 tons. Exports of white rice and parboiled rice during January1 – May 6, 2012 totaled 1,772,985 tons, down 49.0 percent from 3,474,323 tons in the previous year.

According to the Department of Foreign trade, Ministry of Commerce, total rice exports (including fragrant rice) during January 1 – April 27, 2012 amounted to 2,106,531 tons, down 45.0 percent from 3,829,827 tons in the previous year.

DOWNLOAD REPORT:- Download this report here

Share This


Related Reports

Reports By Country

Reports By Category

Our Sponsors

Partners