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


14 August 2012

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

TH2079 Export prices declined about one percent due to a lack of new purchases of white rice and parboiled rice. The Government is considering rice stock releases through open tenders for August – December 2012.
USDA GAIN Report - Oilseeds, Cotton, Sugar, Grain and Feed

Export prices declined about one percent due to a lack of new purchases of white rice and parboiled rice. Foreign buyers are holding off on making new enquiries for Thai rice as the Government is considering rice stock releases through open tenders for August – December 2012. However, the details of the tenders have not been finalized. Presently, the government is holding total milled rice stocks of around 12.0 million tons, of which approximately 1.0 million tons are old-crop rice (mostly white rice), and 11.0 million tons are current MY2011/12 rice which has been accumulated from the current Paddy Pledging Program.

So far, the MY2011/12 Paddy Pledging Program has pledged 16.7 million tons of paddy (roughly 11.0 million tons milled equivalent), of which 6.8 million tons are main-crop paddy (4.5 million tons milled equivalent) (Table 2) and 9.9 million tons are off-season crop paddy (6.5 million tons milled equivalent) (Table 3). Weekly pledging declined to 61,095 tons of paddy, down 8.9 percent from 67,055 tons in the week before last. The Government expects an additional 1.0 - 2.0 million tons of paddy will likely be Bangkokpledged by the end of the program on September 15, 2012.

Rice Export Update

Unofficial rice exports (excluding fragrant rice) for July 30 – August 5, 2012 totaled 89,677 tons, down 20,329 tons from the previous week, and up 4,992 tons from the four-week moving average of 84,685 tons. Exports of white rice and parboiled rice during January1 – August 5, 2012 totaled 3,017,784 tons, down 50.1 percent from 6,043,398 tons in the previous year.

According to the Department of Foreign trade, Ministry of Commerce, total rice exports (including fragrant rice) during January 1 – July 27, 2012 amounted to 3,891,653 tons, down 46.2 percent from 7,231,936 tons in the previous year.

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