08 May 2012
Trading activities are quiet this week, and there are no quotations today as business is closed due to the
Labor Day’s holiday. Meanwhile, exportable supplies remain tight due to the aggressive government
intervention program. In addition, the Government still does not have any plan to release its
intervention stocks. Presently, the Government is holding total intervention stocks of around 9.9 million
tons milled equivalent, of which 2.0 million tons are old-crop intervention stocks, and 7.9 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 current off-season Paddy Pleading Program has absorbed 5.1 million tons of paddy (3.4 million tons milled equivalent) since it began on March 1 up to April 29.
The total weekly pledging increased by 0.8 million tons or 19.0 percent from last week’s total of 4.3 million tons (Table 3). The Government expects that the program will eventually process around 8.0 Bangkokmillion tons of paddy (5.3 million tons milled equivalent), accounting for 72.0 percent of the total offseason production.
Rice Export Update
Unofficial rice exports (excluding fragrant rice) for April 23-29, 2012 totaled 132,577 tons, up 20,292
tons from the previous week, and up 22,162 tons from the four-week moving average of 132,577 tons.
Exports of white rice and parboiled rice during January1 – April 29, 2012 totaled 1,648,147 tons, down 49.4 percent from 3,257,277 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 24, 2012 amounted to 2,039,638 tons, down 45.2 percent from 3,722,248 tons in the previous year.
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