26 April 2012
Domestic and export prices increased approximately 1.0 percent from the previous week due to tighter
exportable supplies caused by the aggressive intervention program. Presently, the Government is
holding total intervention stocks of around 8.8 million tons milled equivalent, of which 2.0 million tons
are old-crop intervention stocks, and 6.8 million tons are MY2011/12 crop.
The MY2011/12 main-crop Paddy Pledging Program took delivery of a total of 6.8 million tons of paddy (4.5 million tons milled equivalent (Table 2)). The remainder is from the current off-season Paddy Pleading Program which has absorbed 3.5 million tons of paddy (2.3 million tons milled equivalent) since it began on March 1 up to April 15.
The total weekly pledging increased by 0.8 million tons or 29.6 percent from last week’s total of 2.7 million tons (Table 3). The Government expects that the program will pledge around 8.0 million tons of paddy (5.3 million tons milled equivalent), accounting for 72.0 percent of the total off-season production.
Rice Export Update
Unofficial rice exports (excluding fragrant rice) for April 9-15, 2012 totaled 79,039 tons, down 38,717
tons from the previous week, and down 26,690 tons from the four-week moving average of 105,730
tons. Exports of white rice and parboiled rice during January1 – April 15, 2012 totaled 1,403,286 tons,
down 50.6 percent from 2,839,355 tons in the previous year.
According to the Department of Foreign trade, Ministry of Commerce, total rice exports (including fragrant rice) during January 1 – April 3, 2012 amounted to 1,673,847 tons, down 45.9 percent from 3,093,833 tons in the previous year.
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