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


03 May 2013

USDA GAIN: Thailand Weekly Rice Price - 3 May 2013USDA GAIN: Thailand Weekly Rice Price - 3 May 2013

Export prices remained unchanged. The government postponed its plan to sell stocks of old-crop white rice due to the concern over current downward pressure on domestic prices and the strengthening of the Thai baht.
USDA GAIN Report - Oilseeds, Cotton, Sugar, Grain and Feed

Table 1: Export Prices (FOB) for various Grades of Thai Rice (USD/MT), Week Ending April 22, 2013

Exchange rate: 28.5 baht/U.S.$
Source: Average actual prices received from exporters

Export prices for most grades of rice remained unchanged from the week before the Thai New Year holiday due to quiet trading. The government postponed its plan to sell stocks of old-crop white rice totaling approximately 0.5 million metric tons through public tenders this month due to the concern over current downward pressure on domestic prices and the strengthening of the Thai baht. The Thai baht strengthened further this week against the U.S. dollar (28.5 baht/US$ compared to 28.6 baht/US$ in the previous week).

The MY2012/13 Main-Crop Rice Paddy Pledging Program (October 1, 2012 – March 31, 2013) preliminarily received pledges of approximately 13 million metric tons (8.6 million metric tons milled equivalent), which increased 86 percent from the same period last year. The pledges consist of 8.3 million metric tons of white rice paddy, 4.0 million metric tons of fragrant rice paddy, and 0.7 million metric tons of glutinous rice paddy. The Bank for Agricultural and Agricultural Cooperatives provided an estimated 196 billion baht ($6.9 billion as of April 18, 2013) in loans to farmers under this program. Meanwhile, the current MY2012/13 Off-Season Rice Paddy Pleading Program, which began on April 1, 2013 and runs until September 15, 2013, preliminarily received pledges of 1.1 million metric tons of paddy (0.7 million metric tons milled equivalent), most of which are white rice paddy.

Rice Export Update

Unofficial rice exports (excluding fragrant rice) for April 15-21, 2013 totaled 64,148 metric tons, up 6,084 metric tons from the previous week, and down 3,469 metric tons from the four- week moving average of 67,617 metric tons. Exports of white and parboiled rice from January 1 through April 21, 2013 totaled 1,262,889 metric tons, down 16.3 percent (1,509,335 metric tons) from the same period last year.

Total rice exports (including fragrant rice) from January 1 through March 31, 2013 amounted to approximately 1,543,953 metric tons, down 6.8 percent (1,655,747 metric tons) from the same period last year.

May 2013

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