• Our Sites
  • ThePigSite
  • ThePoultrySite
  • TheFishSite
  • TheCattleSite
  • TheDairySite
  • TheBeefSite
  • TheMeatSite
  • TheCropSite
  • TheBioenergySite
  • ElSitioAvicola
  • ThePigSite.cn
  • ThePoultrySite.cn
  • TheFishSite.cn
  • 5M Retail

• 
• News & Analysis
• Features
• Markets & Reports
• Knowledge Centre
• Business Directory
• Events
• Our Shop

THAILAND - Trading prices for Thailand’s high - and medium - quality grades of non-specialty rice have increased slightly since early February, mostly due to a stronger Thai baht. Prices for Thailand's high-quality, 100 per cent Grade B (fob vessel, Bangkok) milled rice for export were quoted at $558 per ton for the week ending March 5, up $9 from the week ending February 6.

Prices for Thailand’s 5 per cent brokens were quoted at $542 per ton for the week ending March 5, also up $9 from the week ending February 6. Thailand is currently making few sales at these uncompetitive price quotes.

Prices for Thailand's 5 per cent parboiled rice—a specialty rice—were quoted at $574 per ton for the week ending March 5, up $23 from the week ending February 6. Exporters in Thailand are fulfilling outstanding contracts of parboiled rice to Nigeria which reportedly expects to purchase 300,000 – 400,000 tons for delivery by June 2012.

Prices for Thailand’s brokens have increased as well. For the week ending March 5, prices for Thailand’s A-1 Super 100 per cent brokens were quoted at $523 per ton, up $6 from the week ending February 6. Price quotes for Thailand’s premium jasmine rice were quoted at $1,061 per ton for the week ending March 5, up $27 from February 6. All price quotes for Thailand’s rice are from the Weekly Rice Price Update, reported by the US Agricultural Counselor in Bangkok.

In contrast, price quotes from Vietnam fell over the past month, mostly a response to lower priced rice from India and Pakistan. For the week ending March 6, prices for Vietnam’s 5 per cent double-water polished with 5 per cent brokens were quoted at $405 per ton—down $25 per ton from the week ending February 7. Thailand’s price quotes for 5 percent brokens are currently $137 per ton above quotes for Vietnam’s 5 per cent double-water polished milled rice, compared with a difference of $93 last month.

US long-grain milled-rice prices have declined from a month earlier. For the week ending March 6, prices for high-quality Southern long-grain rice (No. 2, 4 per cent brokens, bagged, free alongside vessel, US Gulf port) were quoted at $513 per ton, down $5 from February 7.

US long-grain milled-rice faces strong price competition in the global market and the US has made few recent sales. Thai rice is now quoted with a premium of $30 compared with US rice (adjusted to reflect the fob vessel price). Last month, Thailand’s rice was quoted with a premium of $16 over similar grades of US rice. Thailand is currently making few sales. US long-grain rough-rice (bulk, fob vessel, New Orleans) was quoted at $315 per ton for the week ending March 6, down $10 from a month earlier.

Prices for California rice for the domestic and export markets have declined over the past month as well. California’s package-quality medium-grain rice (sacked) for domestic sales remains quoted at $794 per ton for the week ending March 6, down $22 from February 7.

Export prices (for 30-kg bags, fob vessel) for California milled rice were quoted at $665 per ton for the week ending March 6, down $10 from a month earlier. Both Australia and Egypt are providing more competition to the US in several medium- and short-grain markets. Price quotes for Vietnam, US long- and medium grain milled-rice prices, and US rough-rice export prices are from the weekly Creed Rice Market Report.

TheCropSite News Desk