USDA GAIN: Oilseeds, Cotton, Sugar, Grain and Feed
28 September 2012
USDA GAIN: Thailand Weekly Rice Price Update - 27 September 2012
TH 2094 – Domestic and export prices declined about 1.0 percent from the previous week due to the
release of government rice stocks. The government will conduct a new tender utilizing stock from the
MY2011/12 main-crop Paddy Pledging. The tender is expected to be announced on September 19,
2012. 
Domestic and export prices declined about 1.0 percent from the previous week due to the release of
government rice stocks. The Ministry of Commerce’s Department of Foreign Trade will conduct a new
tender on September 19, 2012 for 586,193 metric tons utilizing stocks from the MY2011/12 main-crop
Paddy Pledging Program. The tender will include 431,839 tons of fragrant rice carried over from the
last tender conducted on August 28, 2012 (Table 2). 106,452 metric tons of broken fragrant rice and
47,903 metric tons of glutinous rice will also be part of the tender.
The Thai Government is currently 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 6, 2012, the MY2011/12 Paddy
Pledging Program has pledged 19.2 million metric tons of paddy (12.7 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 12.4 million metric tons are off-season crop paddy (8.2 million metric tons milled
equivalent) (Table 4). Meanwhile, the Thai Government sought Cabinet approval (September 18, 2012)
Bangkokfor funding of the MY2012/13 Paddy Pledging Program. The program is expected to cost 405 billion
baht ($13 billion) and the government has pledged a target range of 26.0 million metric tons of paddy
(17 million metric tons milled equivalent). This accounts for approximately 80.0 percent of total rice
production. The program will be effective from October 1, 2012 to 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 10-16, 2012 totaled 76,072 tons, up
20,576 tons from the previous week, and up 9,916 tons from the four-week moving average of 66,156
tons. Exports of white rice and parboiled rice from January 1- September 16, 2012 totaled 3,432,084
tons, down 50.3 percent (6,899,985 tons) from last year.
According to the Department of Foreign trade, Ministry of Commerce, total rice exports (including
fragrant rice) from January 1 – September 13, 2012 amounted to 4,644,292 tons, down 45.6 percent
(8,540,530 tons) from last year.
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