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


02 December 2013

USDA GAIN: Thailand Weekly Rice Price - 27 November 2013USDA GAIN: Thailand Weekly Rice Price - 27 November 2013

TH3108 – Export prices remained unchanged from the previous week. The government sold approximately 200,000 metric tons in last week’s public tender, mostly for export. The bids for this week’s tender were lower, but have yet to be finalized.
USDA GAIN Report - Oilseeds, Cotton, Sugar, Grain and Feed

Post:

Bangkok

Export prices remained unchanged from the previous week, except for fragrant rice which declined approximately 1 to 2 percent as new crop supplies enter the market. The government reportedly sold approximately 200,000 metric tons of its public tender (452,538 metric tons) it held on November 19, 2013, mostly 5% grade white rice for export. In addition, there were a total of eight millers and exporters that participated in the tender of 131,849 metric tons (114,425 metric tons of 5% grade white rice and 17,424 metric tons of 100% B grade fragrant rice) that took place through the Agricultural Futures Exchange of Thailand (AFET) on November 25, 2013. The bids were 15 to 30 percent below market prices for deliveries during January through March 2013.

Rice Export Update

Unofficial rice exports (excluding premium white rice and fragrant rice) for November 18-24, 2013 totaled 60,462 metric tons, down 1,339 metric tons from the previous week and up 11,362 metric tons from the four-week moving average of 49,100 metric tons (Table 2). Exports of white and parboiled rice from January 1 through November 24, 2013 totaled 2,930,701 metric tons, down 36 percent from 4,585,806 metric tons in the same period last year, mainly due to a reduction in parboiled rice exports.

Total rice exports (including premium white rice and fragrant rice) from January 1 through October 31, 2013 amounted to approximately 5.4 million metric tons, down 6.3 percent from the same period last year.

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