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


12 August 2013

USDA GAIN: Thailand Weekly Rice Price - 6 August 2013USDA GAIN: Thailand Weekly Rice Price - 6 August 2013

TH3071 – Domestic and export prices declined 1-2 percent due to the sales of the government rice stocks. The Government sold its current rice paddy stocks of approximately 120,000 metric tons for parboiled rice production (78,000 metric tons milled equivalent) to four traders for export only through the recent tender last week.
USDA GAIN Report - Oilseeds, Cotton, Sugar, Grain and Feed

Post:

Bangkok

Domestic and export prices declined 1-2 percent from the previous week due to the sales of the government rice stocks. On August 1, 2013 the Government sold approximately 120,000 metric tons of paddy for parboiled rice production (78,000 metric tons milled equivalent) to four traders for export only. The sales represented approximately 70 percent of the 200,000 metric tons of 5% grade white rice paddy (130,000 metric tons milled equivalent) from the current MY2012/13 Off-Season Rice Paddy Pledging Program that the Government tendered on July 30. The traders who won the tender are generally the same traders who bought the government’s MY2011/12 main-crop white rice stocks of approximately 90,000 metric tons in the public tenders reported last week.

As of July 24, 2013 the government received pledges of approximately 20 million metric tons of rice paddy (13.2 million metric tons milled equivalent) under the current MY2012/13 Rice Paddy Pledging Program. Meanwhile, the government has not finalized its next MY2013/14 Rice Paddy Pledging Program due to current limited financial resources to support the program as the recent sales of the government stocks through the public tenders are still lower than expected. The government has estimated next year’s program purchase cost will be approximately 200 billion baht ($6.5 billion). The government will likely determine the new intervention prices of white rice paddy which are currently at 13,800 – 15,000 baht per metric tons ($445 – 484/MT) within this month as the new main-crop rice harvest will begin in October.

Rice Export Update

Unofficial rice exports (excluding premium white rice and fragrant rice) for July 29 – August 4, 2013 totaled 46,419 metric tons, up 160 metric tons from the previous week, and down 573 metric tons from the four- week moving average of 46,992 metric tons. Exports of white and parboiled rice from January 1 through August 4, 2013 totaled 1,926,006 metric tons, down 36 percent (3,012,259 metric tons) from the same period last year.

Total rice exports (including premium white rice and fragrant rice) from January 1 through June 30, 2013 amounted to 3,059,337 metric tons, down 12 percent (3,470,642 metric tons) from the same period last year.

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