USDA GAIN: Oilseeds, Cotton, Sugar, Grain and Feed
18 September 2012
USDA GAIN: Thailand Weekly Rice Price - 18 September 2012
TH2092 – Export prices declined about 1.0 percent due to an increase in the exportable supplies from
the government stock release of white rice of around 229,661 metric tons. An additional stock release is
expected over the next couple of weeks. Meanwhile, the Government is seeking Cabinet approval this
week for the MY2012/13 Paddy Pledging Program budget totaling 405 billion baht ($13 billion).
Export prices declined about 1.0 percent from the previous week due to an increase in the exportable
supplies resulting from the government stock release of white rice totaling around 229,661 metric tons
(Table 2). In addition, the Commerce Ministry plans to conduct a new tender next week for the
remainder of the last tender of around 480,070 metric tons; most of which are fragrant rice. Exporters
expect that the Government will likely release additional white rice stocks from its MY2011/12 Paddy
Pledging Program by the end of September. However, the details of the tenders have not yet been
finalized.
Currently, the Government is holding total intervention stocks of around 12-13 million metric tons; of
which 1-2 million metric tons are old-crop rice. As of September 2, 2012, the MY2011/12 Paddy
Pledging Program has pledged 18.8 million metric tons of paddy (12.4 million metric tons milled
equivalent); of which 6.8 million tons are main-crop paddy (4.5 million metric tons milled equivalent)
(Table 3), and 12.0 million metric tons are off-season crop paddy (7.9 million metric tons milled
Bangkokequivalent) (Table 4). Meanwhile, the Government is seeking Cabinet approval this week for a budget
of 405 billion baht ($13 billion), which will enable the MY2012/13 Paddy Pledging Program to pledge
approximately 26.0 million metric tons of paddy (17 million metric tons milled equivalent). The
program will be effective between October 1, 2012 – September 30, 2013. The intervention prices
remain unchanged at 13,800 - 15,000 baht/tons ($444 – 482/MT) for white rice paddy, and 18,000 –
20,000 baht/ton ($579 – 643/MT) for fragrant rice paddy. No limit restrictions were imposed on the
pledged amount. Presently, farm-gate prices are around 11,500 - 12,000 baht/ton ($370 - 386/MT) for
white rice paddy, and 14,800 – 16,000 baht/ton ($476 – 514/MT) for fragrant rice paddy.
Rice Export Update
Unofficial rice exports (excluding fragrant rice) for September 3-9, 2012 totaled 55,497 tons, down 197
tons from the previous week, and down 7,841 tons from the four-week moving average of 63,338 tons.
Exports of white rice and parboiled rice between January 1- September 9, 2012 totaled 3,356,012 tons,
down 50.5 percent (6,778,105 tons) from last year.
According to the Department of Foreign trade, Ministry of Commerce, total rice exports (including
fragrant rice) between January 1 – August 31, 2012 amounted to 4,441,668 tons, down 45.8 percent
(8,198,265 tons) from last year.
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